# EDGAR Filing Document

**Accession Number:** 0001658363
**File Stem:** 0001438934-25-000612
**Filing Date:** 2025-8
**Character Count:** 20831
**Document Hash:** 92152956ccfa3d6ad3c94013c367a413
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001438934-25-000612.hdr.sgml**: 20250808

**ACCESSION NUMBER**: 0001438934-25-000612

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250808

**EFFECTIVENESS DATE**: 20250808

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Maple Rock Capital Partners Inc.
- **CENTRAL INDEX KEY:** 0001658363

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** Z4
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17337
- **FILM NUMBER:** 251196447

**BUSINESS ADDRESS:**
- **STREET 1:** 21 ST. CLAIR AVENUE EAST, SUITE 1100
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M4T 1L9
- **BUSINESS PHONE:** 416-572-3899

**MAIL ADDRESS:**
- **STREET 1:** 21 ST. CLAIR AVENUE EAST, SUITE 1100
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M4T 1L9

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Maple Rock Capital Partners, Inc.
- **DATE OF NAME CHANGE:** 20151113

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

## N-PX: Filer Information

**Filer CIK:** 0001658363

**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:** Maple Rock Capital Partners Inc.

**Address:** 21 St. Clair Avenue East, Suite 1100, Toronto, A6 M4T 1L9

**Telephone number:** 416-619-0705

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-17337

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 549300DHAG8DBBHSYW02

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| BAUSCH + LOMB CORPORATION         | 071705107 | 05/21/2025     | The approval, in an advisory vote, of the compensation of our Named Executive Officers.                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        2067455 |                0 | FOR         |                                  2067455 | FOR                         |  |
| HEIDELBERG MATERIALS AG           | D31709104 | 05/15/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         444886 |                0 | FOR         |                                   444886 | FOR                         |  |
| ILLUMINA, INC.                    | 452327109 | 05/21/2025     | To approve, on an advisory basis, the compensation of the named executive officers as disclosed in the Proxy Statement.                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          74564 |                0 | FOR         |                                    74564 | FOR                         |  |
| SEAGATE TECHNOLOGY HOLDINGS PLC   | G7997R103 | 10/19/2024     | Approve, in an Advisory, Non-binding Vote, the Compensation of the Company's Named Executive Officers ("Say-on-Pay").                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          35857 |                0 | FOR         |                                    35857 | FOR                         |  |
| SEALED AIR CORPORATION            | 81211K100 | 05/29/2025     | Approval, as an advisory vote, of Sealed Air's 2024 executive compensation.                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        1162833 |                0 | FOR         |                                  1162833 | FOR                         |  |
| TFI INTERNATIONAL INC.            | 87241L109 | 04/23/2025     | Advisory Vote on Executive Compensation ("Say on Pay") Non-binding advisory resolution that shareholders approve the compensation of the Corporation's Named Executive Officers, as disclosed in the Management Proxy Circular dated March 12, 2025. | SECTION 14A SAY-ON-PAY VOTES |        1130899 |                0 | FOR         |                                  1130899 | FOR                         |  |
| WERNER ENTERPRISES, INC.          | 950755108 | 05/13/2025     | To approve an advisory resolution on executive compensation.                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         614540 |                0 | FOR         |                                   614540 | FOR                         |  |
| ALGOMA STEEL GROUP INC.           | 015658107 | 09/24/2024     | The advisory resolution on the Company's approach to executive compensation as disclosed in the Company's management information circular dated August 1, 2024.                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        6092090 |                0 | FOR         |                                  6092090 | FOR                         |  |
| ALGOMA STEEL GROUP INC.           | 015658107 | 06/24/2025     | "Say on Pay" Advisory Resolution The advisory resolution on the Company's approach to executive compensation as disclosed in the Company's management information circular dated May 1, 2025.                                                        | SECTION 14A SAY-ON-PAY VOTES |        7353045 |                0 | FOR         |                                  7353045 | FOR                         |  |
| ENDEAVOUR MINING PLC              | G3042J105 | 05/22/2025     | To approve the Directors' Remuneration Report set out on pages 125 to 151 of the 2024 Annual Report.                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        2434400 |                0 | FOR         |                                  2434400 | FOR                         |  |
| HELLOFRESH SE                     | D3R2MA100 | 06/06/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        3110200 |                0 | FOR         |                                  3110200 | FOR                         |  |
| TALEN ENERGY CORPORATION          | 87422Q109 | 05/07/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         420930 |                0 | FOR         |                                   420930 | FOR                         |  |
| TALEN ENERGY CORPORATION          | 87422Q109 | 05/07/2025     | To approve, on an advisory basis, the frequency of advisory vote on executive compensation.                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         420930 |                0 | 1 YEAR      |                                   420930 | FOR                         |  |
| THE GOODYEAR TIRE  RUBBER COMPANY | 382550101 | 04/14/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |        1838706 |                0 | FOR         |                                  1838706 | 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 |           3417 |                0 | FOR         |                                     3417 | FOR                         |  |
| BOYD GROUP SERVICES INC.          | 103310108 | 05/14/2025     | As to the Resolution to vote on an advisory resolution on BGSI's approach to executive compensation:                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          32941 |                0 | FOR         |                                    32941 | FOR                         |  |
| BUZZI SPA                         | T2320M109 | 05/13/2025     | REPORT ON THE REMUNERATION POLICY AND COMPENSATION PAID: NON-BINDING RESOLUTION ON SECTION TWO ON COMPENSATION PAID, PURSUANT TO ART. 123-TER, PARAGRAPH 6, OF LEGISLATIVE DECREE NO. 58/1998                                                        | SECTION 14A SAY-ON-PAY VOTES |         208251 |                0 | FOR         |                                   208251 | FOR                         |  |
| INGEVITY CORPORATION              | 45688C107 | 04/30/2025     | Advisory vote on compensation of our Named Executive Officers (Say-on-Pay).                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         528491 |                0 | FOR         |                                   528491 | FOR                         |  |
| LAS VEGAS SANDS CORP.             | 517834107 | 05/15/2025     | An advisory (non-binding) vote to approve the compensation of the named executive officers.                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         476000 |                0 | FOR         |                                   476000 | FOR                         |  |
| NUVISTA ENERGY LTD.               | 67072Q104 | 05/09/2025     | Consider a non-binding advisory resolution on NuVista Energy Ltd.'s approach to executive compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         150000 |                0 | FOR         |                                   150000 | FOR                         |  |
| SUNRUN INC.                       | 86771W105 | 06/11/2025     | Advisory proposal of the compensation of our named executive officers ("Say-on-Pay").                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        3779034 |                0 | FOR         |                                  3779034 | FOR                         |  |
| SUNRUN INC.                       | 86771W105 | 06/11/2025     | Advisory proposal of the frequency of future advisory votes on the compensation of our named executive officers, or "Say-on-Pay."                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        3779034 |                0 | 1 YEAR      |                                  3779034 | FOR                         |  |
| TRIUMPH GROUP, INC.               | 896818101 | 08/08/2024     | To approve, by advisory vote, the compensation paid to our named executive officers for the fiscal year ended March 31, 2024.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        3699178 |                0 | FOR         |                                  3699178 | FOR                         |  |
| WARRIOR MET COAL, INC.            | 93627C101 | 04/23/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        1305392 |                0 | FOR         |                                  1305392 | FOR                         |  |
| WESTERN DIGITAL CORPORATION       | 958102105 | 11/20/2024     | Approval on an advisory basis of the named executive officer compensation disclosed in the Proxy Statement.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        3249451 |                0 | FOR         |                                  3249451 | FOR                         |  |
| ADVANCE AUTO PARTS, INC.          | 00751Y106 | 05/14/2025     | Approve, by advisory vote, the compensation of our named executive officers.                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         232000 |                0 | FOR         |                                   232000 | FOR                         |  |
| BAUSCH HEALTH COMPANIES INC       | 071734107 | 05/13/2025     | THE APPROVAL, IN AN ADVISORY VOTE, OF THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        5300000 |                0 | FOR         |                                  5300000 | FOR                         |  |
| BAUSCH HEALTH COMPANIES, INC.     | 071734107 | 05/13/2025     | The approval, in an advisory vote, of the compensation of our Named Executive Officers.                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        5300000 |                0 | FOR         |                                  5300000 | FOR                         |  |
| 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 |         433528 |                0 | FOR         |                                   433528 | FOR                         |  |
| EQUINOX GOLD CORP                 | 29446Y502 | 05/01/2025     | TO CONSIDER, AND IF DEEMED ADVISABLE, TO PASS AN ORDINARY RESOLUTION THAT THE COMPANYS SHAREHOLDERS ACCEPT THE APPROACH TO EXECUTIVE COMPENSATION AS MORE PARTICULARLY DESCRIBED IN THE COMPANYS MANAGEMENT INFORMATION CIRCULAR                     | SECTION 14A SAY-ON-PAY VOTES |        9855900 |                0 | FOR         |                                  9855900 | FOR                         |  |
| EQUINOX GOLD CORP.                | 29446Y502 | 05/01/2025     | To consider, and if deemed advisable, to pass an ordinary resolution that the Company's shareholders accept the approach to executive compensation as more particularly described in the Company's Management Information Circular.                  | SECTION 14A SAY-ON-PAY VOTES |        9855900 |                0 | FOR         |                                  9855900 | FOR                         |  |
| HUMANA INC.                       | 444859102 | 04/17/2025     | Non-binding advisory vote for the approval of the compensation of the named executive officers as disclosed in the 2025 proxy statement.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          19902 |                0 | FOR         |                                    19902 | FOR                         |  |
| INTEL CORPORATION                 | 458140100 | 05/06/2025     | Advisory vote on executive compensation (Say-On-Pay).                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        2127670 |                0 | FOR         |                                  2127670 | FOR                         |  |
| LOUISIANA-PACIFIC CORPORATION     | 546347105 | 05/08/2025     | Advisory vote to approve named executive officer compensation                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         171500 |                0 | FOR         |                                   171500 | FOR                         |  |
| LYFT, INC.                        | 55087P104 | 06/05/2025     | The approval of, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        5164374 |                0 | FOR         |                                  5164374 | FOR                         |  |
| TELADOC HEALTH, INC.              | 87918A105 | 05/22/2025     | Approve, on an advisory basis, the compensation of Teladoc Health's named executive officers.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        3347340 |                0 | FOR         |                                  3347340 | FOR                         |  |
| WHIRLPOOL CORPORATION             | 963320106 | 04/15/2025     | Advisory vote to approve Whirlpool Corporation's executive compensation.                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         181855 |                0 | FOR         |                                   181855 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Maple Rock Capital Partners Inc.

**By (Signature):** Stephen D. Lane

**By (Printed Signature):** Stephen D. Lane

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

**Date:** 08/08/2025