# EDGAR Filing Document

**Accession Number:** 0001791280
**File Stem:** 0000930413-25-002853
**Filing Date:** 2025-9
**Character Count:** 33332
**Document Hash:** 4251d4f4d1dfa4ac69cac675e7e60cf7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000930413-25-002853.hdr.sgml**: 20250902

**ACCESSION NUMBER**: 0000930413-25-002853

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250902

**EFFECTIVENESS DATE**: 20250902

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST EAGLE SEPARATE ACCOUNT MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001791280

**ORGANIZATION NAME:**
- **EIN:** 831671873
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22867
- **FILM NUMBER:** 251283838

**BUSINESS ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS
- **STREET 2:** 48TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** (212) 698-3300

**MAIL ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS
- **STREET 2:** 48TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST EAGLE BDC ADVISER, LLC
- **DATE OF NAME CHANGE:** 20191016

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST EAGLE BDC ADVISOR, LLC
- **DATE OF NAME CHANGE:** 20191016

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

## N-PX: Filer Information

**Filer CIK:** 0001791280

**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:** FIRST EAGLE SEPARATE ACCOUNT MANAGEMENT, LLC

**Address:** 1345 Avenue of the Americas, New York, NY 10105

**Telephone number:** 2126983300

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-22867

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|:---|:---|:---|
| Medtronic Plc                                | G5960L103 | 10/17/2024     | Approving, on an advisory basis, the Company's executive compensation;                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |      47620     |                0 | FOR         | 47620.000000                             | FOR                         |  |
| Oracle Corporation                           | 68389X105 | 11/14/2024     | Advisory Vote to Approve the Compensation of our Named Executive Officers                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |      82691.7   |                0 | FOR         | 82691.675000                             | 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 |      23191.4   |                0 | FOR         | 23191.359000                             | FOR                         |  |
| Becton, Dickinson and Company                | 075887109 | 01/28/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      20075     |                0 | FOR         | 20075.042000                             | FOR                         |  |
| UGI Corporation                              | 902681105 | 01/31/2025     | An advisory vote to approve the Fiscal 2024 compensation of the Company's named executive officers ("say-on-pay vote").                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         60.06  |                0 | FOR         | 60.060000                                | 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 |          0     |                0 |  |  |  |  |
| Analog Devices, Inc.                         | 032654105 | 03/12/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      20887     |                0 | FOR         | 20886.988000                             | FOR                         |  |
| The Walt Disney Company                      | 254687106 | 03/20/2025     | Consideration of an advisory vote to approve executive compensation.                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |      37416.4   |                0 | FOR         | 37416.384000                             | FOR                         |  |
| Schlumberger N.V.                            | 806857108 | 04/02/2025     | Advisory approval of our executive compensation.                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |     214227     |                0 | FOR         | 214226.738000                            | FOR                         |  |
| The Bank of New York Mellon Corporation      | 064058100 | 04/15/2025     | Advisory resolution to approve the 2024 compensation of our named executive officers.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |     117734     |                0 | FOR         | 117734.046000                            | 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 |      94121.5   |                0 | FOR         | 94121.537000                             | FOR                         |  |
| PPG Industries, Inc.                         | 693506107 | 04/17/2025     | Approve the compensation of the Company's named executive officers on an advisory basis                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      23982.9   |                0 | FOR         | 23982.938000                             | 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 |      28189.2   |                0 | FOR         | 28189.225000                             | FOR                         |  |
| Broadcom Inc.                                | 11135F101 | 04/21/2025     | Advisory vote to approve the named executive officer compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| HCA Healthcare, Inc.                         | 40412C101 | 04/24/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      36672.2   |                0 | FOR         | 36672.156000                             | FOR                         |  |
| American Express Company                     | 025816109 | 04/29/2025     | Approval, on an advisory basis, of the Company's executive compensation.                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |      24576.6   |                0 | FOR         | 24576.579000                             | FOR                         |  |
| Newmont Corporation                          | 651639106 | 04/30/2025     | Approval of the advisory resolution on Newmont's executive compensation.                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |     461710     |                0 | FOR         | 461709.895000                            | FOR                         |  |
| Sanofi                                       | 80105N105 | 04/30/2025     | Approve Compensation of Frederic Oudea, Chairman of the Board                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |     387910     |                0 | FOR         | 387909.832000                            | FOR                         |  |
| Sanofi                                       | 80105N105 | 04/30/2025     | Approve Compensation of Paul Hudson, CEO                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |     387910     |                0 | FOR         | 387909.832000                            | FOR                         |  |
| Boston Scientific Corporation                | 101137107 | 05/01/2025     | To approve, on a non-binding, advisory basis, the compensation of our named executive officers.                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| 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 |          0     |                0 |  |  |  |  |
| International Flavors  Fragrances Inc.       | 459506101 | 05/01/2025     | Approve, on an advisory basis, the compensation of our named executive officers in 2024.                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         21     |                0 | FOR         | 21.000000                                | FOR                         |  |
| Entergy Corporation                          | 29364G103 | 05/02/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| Bristol-Myers Squibb Company                 | 110122108 | 05/06/2025     | Advisory Vote to Approve the Compensation of our Named Executive Officers                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| Danaher Corporation                          | 235851102 | 05/06/2025     | To approve on an advisory basis the Company's named executive officer compensation.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| Expeditors International of Washington, Inc. | 302130109 | 05/06/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      48486.6   |                0 | FOR         | 48486.629000                             | FOR                         |  |
| Brown  Brown, Inc.                           | 115236101 | 05/07/2025     | To approve, on an advisory basis, the compensation of named executive officers.                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      36494.5   |                0 | FOR         | 36494.512000                             | FOR                         |  |
| Philip Morris International Inc.             | 718172109 | 05/07/2025     | Advisory Vote Approving Executive Compensation                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |     257789     |                0 | FOR         | 257788.873000                            | FOR                         |  |
| C.H. Robinson Worldwide, Inc.                | 12541W209 | 05/08/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |     110676     |                0 | FOR         | 110675.756000                            | FOR                         |  |
| Cadence Design Systems, Inc.                 | 127387108 | 05/08/2025     | Advisory resolution to approve named executive officer compensation.                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| CRH Plc                                      | G25508105 | 05/08/2025     | Consideration of Named Executive Officer Compensation for 2024 ("Say-on-Pay")                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          4     |                0 | FOR         | 4.000000                                 | FOR                         |  |
| CRH Plc                                      | G25508105 | 05/08/2025     | Consideration of Frequency of Future "Say-on-Pay" Votes                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          4     |                0 | ONE YEAR    | 4.000000                                 | FOR                         |  |
| Noble Corporation plc                        | G65431127 | 05/08/2025     | Approval by Advisory Vote of the Company's Executive Compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      95443     |                0 | FOR         | 95443.005000                             | FOR                         |  |
| Stryker Corporation                          | 863667101 | 05/08/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| The Kraft Heinz Company                      | 500754106 | 05/08/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        128     |                0 | FOR         | 128.000000                               | FOR                         |  |
| Colgate-Palmolive Company                    | 194162103 | 05/09/2025     | Advisory vote on executive compensation.                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |      94635.5   |                0 | FOR         | 94635.458000                             | FOR                         |  |
| Weyerhaeuser Company                         | 962166104 | 05/09/2025     | Approval, on an advisory basis, of the compensation of the named executive officers.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |     124040     |                0 | FOR         | 124040.265000                            | 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 |      18503.5   |                0 | FOR         | 18503.451000                             | FOR                         |  |
| Elevance Health, Inc.                        | 036752103 | 05/14/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      29146.1   |                0 | FOR         | 29146.054000                             | FOR                         |  |
| SiteOne Landscape Supply, Inc.               | 82982L103 | 05/14/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| Veralto Corp.                                | 92338C103 | 05/14/2025     | To approve on an advisory basis the Company's named executive officer compensation.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| Choice Hotels International, Inc.            | 169905106 | 05/15/2025     | Advisory approval of the compensation of the Company's Named Executive Officers.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| JBT Marel Corporation                        | 477839104 | 05/15/2025     | Approve, on an advisory basis, a non-binding resolution regarding the compensation of the company's named executive officers.                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| Otis Worldwide Corporation                   | 68902V107 | 05/15/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      72799.5   |                0 | AGAINST     | 72799.539000                             | AGAINST                     |  |
| Willis Towers Watson Public Limited Company  | G96629103 | 05/15/2025     | Approve, on an advisory basis, the named executive officer compensation.                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |     111881     |                0 | FOR         | 111880.681000                            | FOR                         |  |
| Flowserve Corporation                        | 34354P105 | 05/16/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        450.258 |                0 | FOR         | 450.258000                               | FOR                         |  |
| IPG Photonics Corporation                    | 44980X109 | 05/20/2025     | Advisory Approval of our Executive Compensation                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      40720.1   |                0 | FOR         | 40720.067000                             | FOR                         |  |
| NOV Inc.                                     | 62955J103 | 05/20/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |     373061     |                0 | FOR         | 373060.766000                            | FOR                         |  |
| DENTSPLY SIRONA Inc.                         | 24906P109 | 05/21/2025     | Approval, by non-binding vote, of the Company's executive compensation for 2024.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        232.204 |                0 | FOR         | 232.204000                               | FOR                         |  |
| ITT Inc.                                     | 45073V108 | 05/21/2025     | Approval of a non-binding advisory vote on executive compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| Ross Stores, Inc.                            | 778296103 | 05/21/2025     | Advisory vote to approve the resolution on the compensation of the named executive officers.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         38.215 |                0 | FOR         | 38.215000                                | FOR                         |  |
| LPL Financial Holdings Inc.                  | 50212V100 | 05/22/2025     | Approve, in an advisory vote, the compensation paid to the Company's named executive officers.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| NextEra Energy, Inc.                         | 65339F101 | 05/22/2025     | Approval, by non-binding advisory vote, of NextEra Energy's compensation of its named executive officers as disclosed in the proxy statement.                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| The Charles Schwab Corporation               | 808513105 | 05/22/2025     | Advisory approval of named executive officer compensation                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| US Foods Holding Corp.                       | 912008109 | 05/22/2025     | Advisory approval of the compensation paid to our named executive officers, as disclosed in the Proxy Statement.                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| Exxon Mobil Corporation                      | 30231G102 | 05/28/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |     122252     |                0 | FOR         | 122251.580000                            | 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 |      45055.5   |                0 | FOR         | 45055.539000                             | 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 |      45055.5   |                0 | ONE YEAR    | 45055.539000                             | AGAINST                     |  |
| Dollar General Corporation                   | 256677105 | 05/29/2025     | To approve, on an advisory (non-binding) basis, the resolution regarding the compensation of Dollar General Corporation's named executive officers as disclosed in the proxy statement.                                       | SECTION 14A SAY-ON-PAY VOTES |      62917.3   |                0 | FOR         | 62917.298000                             | FOR                         |  |
| Watsco, Inc.                                 | 942622200 | 06/02/2025     | Approval of the advisory resolution regarding the compensation of our named executive officers.                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| 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 |      33303.1   |                0 | FOR         | 33303.070000                             | FOR                         |  |
| Walmart Inc.                                 | 931142103 | 06/05/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| Fidelity National Financial, Inc.            | 31620R303 | 06/11/2025     | Approval of a non-binding advisory resolution on the compensation paid to our named executive officers.                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      74240.8   |                0 | FOR         | 74240.763000                             | FOR                         |  |
| W. R. Berkley Corporation                    | 084423102 | 06/11/2025     | Non-binding advisory vote on a resolution approving the compensation of the Company's named executive officers pursuant to the compensation disclosure rules of the Securities and Exchange Commission, or "say-on-pay" vote. | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| Ollie's Bargain Outlet Holdings, Inc.        | 681116109 | 06/12/2025     | To approve a non-binding advisory proposal regarding named executive officer compensation.                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| Comcast Corporation                          | 20030N101 | 06/18/2025     | Advisory vote on executive compensation                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |     316894     |                0 | FOR         | 316893.572000                            | FOR                         |  |
| Universal Display Corporation                | 91347P105 | 06/18/2025     | Advisory resolution to approve the compensation of the Company's named executive officers.                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| NVIDIA Corporation                           | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          0     |                0 |  |  |  |  |
| Equity Residential                           | 29476L107 | 06/26/2025     | Approval of Executive Compensation.                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |      89721.6   |                0 | FOR         | 89721.567000                             | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** FIRST EAGLE SEPARATE ACCOUNT MANAGEMENT, LLC

**By (Signature):** David O'Connor

**By (Printed Signature):** David O'Connor

**By (Title):** General Counsel

**Date:** 09/02/2025