# EDGAR Filing Document

**Accession Number:** 0001966007
**File Stem:** 0001438934-25-000504
**Filing Date:** 2025-8
**Character Count:** 42897
**Document Hash:** 4b56974e9f2ed7ebe9fe77e8a796e811
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001438934-25-000504.hdr.sgml**: 20250804

**ACCESSION NUMBER**: 0001438934-25-000504

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250804

**EFFECTIVENESS DATE**: 20250804

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Applied Finance Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001966007

**ORGANIZATION NAME:**
- **EIN:** 660823991
- **STATE OF INCORPORATION:** PR

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23109
- **FILM NUMBER:** 251179220

**BUSINESS ADDRESS:**
- **STREET 1:** 53 CALLE PALMERAS
- **STREET 2:** SUITE 601
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00901
- **BUSINESS PHONE:** 787-626-0404

**MAIL ADDRESS:**
- **STREET 1:** 53 CALLE PALMERAS
- **STREET 2:** SUITE 601
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00901

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

## N-PX: Filer Information

**Filer CIK:** 0001966007

**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:** Applied Finance Capital Management, LLC

**Address:** 53 Calle Palmeras, San Juan, PR 00901

**Telephone number:** 800-673-0400

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-23109

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|:---|:---|:---|
| ABBOTT LABORATORIES                      | 002824100 | 04/25/2025     | Say on Pay - An Advisory Vote on the Approval of Executive Compensation                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |           5464 |                0 | FOR         | 5464                                     | FOR                         |  |
| ABBVIE INC.                              | 00287Y109 | 05/09/2025     | Say on Pay - An advisory vote on the approval of executive compensation                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |           3578 |                0 | FOR         | 3578                                     | FOR                         |  |
| ACCENTURE PLC                            | G1151C101 | 02/06/2025     | To approve, in a non-binding vote, the compensation of our named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |           1538 |                0 | FOR         | 1538                                     | FOR                         |  |
| ADOBE INC.                               | 00724F101 | 04/22/2025     | Approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          51371 |                0 | FOR         | 51371                                    | FOR                         |  |
| AMERIPRISE FINANCIAL, INC.               | 03076C106 | 04/30/2025     | To approve the compensation of the named executive officers by a nonbinding advisory vote.                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          25609 |                0 | FOR         | 25609                                    | FOR                         |  |
| APPLE INC.                               | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         100237 |                0 | FOR         | 100237                                   | 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 |         129496 |                0 | FOR         | 129496                                   | FOR                         |  |
| APTIV PLC                                | G3265R107 | 04/23/2025     | Say-on-Pay - To approve, by advisory vote, executive compensation.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         247669 |                0 | FOR         | 247669                                   | FOR                         |  |
| AUTODESK, INC.                           | 052769106 | 07/16/2024     | Approve, on an advisory (non-binding) basis, the compensation of Autodesk, Inc.'s named executive officers.                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |             27 |                0 | FOR         | 27                                       | FOR                         |  |
| BANK OF AMERICA CORPORATION              | 060505104 | 04/22/2025     | Approving our executive compensation (an advisory, non-binding "Say on Pay" resolution)                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| CBRE GROUP, INC.                         | 12504L109 | 05/21/2025     | Advisory vote to approve named executive officer compensation for 2024.                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         100998 |                0 | FOR         | 100998                                   | FOR                         |  |
| CELANESE CORPORATION                     | 150870103 | 05/14/2025     | Advisory approval of executive compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          85090 |                0 | FOR         | 85090                                    | FOR                         |  |
| CHEVRON CORPORATION                      | 166764100 | 05/28/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          49936 |                0 | FOR         | 49936                                    | FOR                         |  |
| CISCO SYSTEMS, INC.                      | 17275R102 | 12/09/2024     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         431672 |                0 | FOR         | 431672                                   | FOR                         |  |
| CONOCOPHILLIPS                           | 20825C104 | 05/13/2025     | Advisory Approval of Executive Compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          65555 |                0 | FOR         | 65555                                    | FOR                         |  |
| CONSTELLATION BRANDS, INC.               | 21036P108 | 07/17/2024     | To approve, by an advisory vote, the compensation of the Company's named executive officers as disclosed in the Proxy Statement.                                                                            | SECTION 14A SAY-ON-PAY VOTES |          33479 |                0 | FOR         | 33479                                    | 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 |          29544 |                0 | FOR         | 29544                                    | FOR                         |  |
| CVS HEALTH CORPORATION                   | 126650100 | 05/15/2025     | Say on Pay, a Proposal to Approve, on an Advisory Basis, the Company's Executive Compensation.                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         180227 |                0 | FOR         | 180227                                   | FOR                         |  |
| D.R. HORTON, INC.                        | 23331A109 | 01/16/2025     | Approval of the advisory resolution on executive compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          71182 |                0 | FOR         | 71182                                    | FOR                         |  |
| 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 |          34470 |                0 | FOR         | 34470                                    | FOR                         |  |
| DARDEN RESTAURANTS, INC.                 | 237194105 | 09/18/2024     | To obtain non-binding advisory approval of the Company's executive compensation.                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          86057 |                0 | FOR         | 86057                                    | FOR                         |  |
| DTE ENERGY COMPANY                       | 233331107 | 05/08/2025     | Provide a nonbinding vote to approve the Company's executive compensation                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          59083 |                0 | FOR         | 59083                                    | FOR                         |  |
| DUPONT DE NEMOURS, INC.                  | 26614N102 | 05/22/2025     | Advisory Resolution to Approve Executive Compensation                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           1281 |                0 | FOR         | 1281                                     | FOR                         |  |
| EATON CORPORATION PLC                    | G29183103 | 04/23/2025     | Approving, on an advisory basis, the Company's executive compensation.                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           1798 |                0 | FOR         | 1798                                     | FOR                         |  |
| ELI LILLY AND COMPANY                    | 532457108 | 05/05/2025     | Approval, on an advisory basis, of the compensation paid to the company's named executive officers.                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |            766 |                0 | FOR         | 766                                      | FOR                         |  |
| EQUINIX, INC.                            | 29444U700 | 05/21/2025     | Approval, by a non-binding advisory vote, of the compensation of our named executive officers                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |              8 |                0 | FOR         | 8                                        | FOR                         |  |
| EQUITY RESIDENTIAL                       | 29476L107 | 06/26/2025     | Approval of Executive Compensation.                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           1394 |                0 | FOR         | 1394                                     | FOR                         |  |
| FISERV, INC.                             | 337738108 | 05/14/2025     | To approve, on an advisory basis, the compensation of the named executive officers of Fiserv, Inc.                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          62691 |                0 | FOR         | 62691                                    | FOR                         |  |
| HASBRO, INC.                             | 418056107 | 05/21/2025     | Advisory Vote to Approve the Compensation of Hasbro's Named Executive Officers                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          10854 |                0 | FOR         | 10854                                    | FOR                         |  |
| HP INC.                                  | 40434L105 | 04/14/2025     | To approve, on an advisory basis, HP Inc.'s named executive officer compensation                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         715856 |                0 | FOR         | 715856                                   | FOR                         |  |
| HUNTINGTON BANCSHARES INCORPORATED       | 446150104 | 04/16/2025     | An advisory resolution to approve, on a non-binding basis, the compensation of executives as disclosed in the accompanying proxy statement.                                                                 | SECTION 14A SAY-ON-PAY VOTES |          38160 |                0 | FOR         | 38160                                    | FOR                         |  |
| INCYTE CORPORATION                       | 45337C102 | 06/10/2025     | Approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers.                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         144570 |                0 | FOR         | 144570                                   | FOR                         |  |
| INGREDION INCORPORATED                   | 457187102 | 05/21/2025     | To approve, by advisory vote, the compensation of the Company's named executive officers.                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |           5154 |                0 | FOR         | 5154                                     | FOR                         |  |
| INTERNATIONAL BUSINESS MACHINES CORP.    | 459200101 | 04/29/2025     | Advisory Vote on Executive Compensation                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         102662 |                0 | FOR         | 102662                                   | FOR                         |  |
| JACK HENRY  ASSOCIATES, INC.             | 426281101 | 11/12/2024     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |             36 |                0 | FOR         | 36                                       | FOR                         |  |
| JOHNSON  JOHNSON                         | 478160104 | 04/24/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |           4319 |                0 | FOR         | 4319                                     | FOR                         |  |
| JPMORGAN CHASE  CO.                      | 46625H100 | 05/20/2025     | Advisory resolution to approve executive compensation                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          56610 |                0 | FOR         | 56610                                    | FOR                         |  |
| KEURIG DR PEPPER INC.                    | 49271V100 | 06/18/2025     | To approve, on an advisory basis, Keurig Dr Pepper Inc.'s executive compensation.                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         304853 |                0 | FOR         | 304853                                   | FOR                         |  |
| KLA CORPORATION                          | 482480100 | 11/06/2024     | To approve on a non-binding, advisory basis our named executive officer compensation.                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          26399 |                0 | FOR         | 26399                                    | FOR                         |  |
| LINDE PLC                                | G54950103 | 07/30/2024     | To approve, on an advisory and non-binding basis, the compensation of Linde plc's Named Executive Officers, as disclosed in the 2024 Proxy statement.                                                       | SECTION 14A SAY-ON-PAY VOTES |              2 |                0 | FOR         | 2                                        | FOR                         |  |
| LKQ CORPORATION                          | 501889208 | 05/07/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         420830 |                0 | FOR         | 420830                                   | FOR                         |  |
| LOWE'S COMPANIES, INC.                   | 548661107 | 05/30/2025     | Advisory vote to approve the Company's named executive officer compensation in fiscal 2024.                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          61186 |                0 | FOR         | 61186                                    | FOR                         |  |
| LYONDELLBASELL INDUSTRIES N.V.           | N53745100 | 05/23/2025     | Advisory Vote Approving Executive Compensation (Say-on-Pay)                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          10027 |                0 | FOR         | 10027                                    | FOR                         |  |
| MARATHON PETROLEUM CORPORATION           | 56585A102 | 04/30/2025     | Approval, on an advisory basis, of the company's named executive officer compensation.                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           4365 |                0 | FOR         | 4365                                     | FOR                         |  |
| MASTERCARD INCORPORATED                  | 57636Q104 | 06/24/2025     | Advisory approval of Mastercard's executive compensation                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          25483 |                0 | FOR         | 25483                                    | FOR                         |  |
| MCKESSON CORPORATION                     | 58155Q103 | 07/31/2024     | Advisory vote on Executive Compensation.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          16708 |                0 | FOR         | 16708                                    | FOR                         |  |
| MEDTRONIC PLC                            | G5960L103 | 10/17/2024     | Approving, on an advisory basis, the Company's executive compensation.                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |             63 |                0 | FOR         | 63                                       | FOR                         |  |
| MERCK  CO., INC.                         | 58933Y105 | 05/27/2025     | Non-binding advisory vote to approve the compensation of our named executive officers.                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          85846 |                0 | FOR         | 85846                                    | 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 |          27729 |                0 | FOR         | 27729                                    | 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 |          27729 |                0 | 1 YEAR      | 27729                                    | AGAINST                     |  |
| METLIFE, INC.                            | 59156R108 | 06/17/2025     | Advisory (non-binding) vote to approve the compensation paid to MetLife, Inc.'s Named Executive Officers                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         170698 |                0 | FOR         | 170698                                   | FOR                         |  |
| MICROCHIP TECHNOLOGY INCORPORATED        | 595017104 | 08/20/2024     | Proposal to approve, on an advisory (non-binding) basis, the compensation of our named executives.                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         215625 |                0 | FOR         | 215625                                   | 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 |            936 |                0 | FOR         | 936                                      | FOR                         |  |
| NATIONAL GRID PLC                        | 636274409 | 07/10/2024     | To approve the Directors' Remuneration Report excluding the Directors' Remuneration Policy                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |            184 |                0 | FOR         | 184                                      | FOR                         |  |
| 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 |             71 |                0 | FOR         | 71                                       | FOR                         |  |
| NIKE, INC.                               | 654106103 | 09/10/2024     | To approve executive compensation by an advisory vote.                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |             88 |                0 | FOR         | 88                                       | FOR                         |  |
| NORFOLK SOUTHERN CORPORATION             | 655844108 | 05/08/2025     | Approval of the advisory resolution on executive compensation, as disclosed in the proxy statement for the 2025 Annual Meeting of Shareholders.                                                             | SECTION 14A SAY-ON-PAY VOTES |           2660 |                0 | FOR         | 2660                                     | FOR                         |  |
| NOVARTIS AG                              | 66987V109 | 03/07/2025     | Advisory vote on the 2024 Compensation Report.                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |           4932 |                0 | FOR         | 4932                                     | FOR                         |  |
| OMEGA HEALTHCARE INVESTORS, INC.         | 681936100 | 06/06/2025     | Approval, on an advisory basis, of executive compensation                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          16938 |                0 | FOR         | 16938                                    | FOR                         |  |
| ORACLE CORPORATION                       | 68389X105 | 11/14/2024     | Advisory Vote to Approve the Compensation of our Named Executive Officers.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         109429 |                0 | FOR         | 109429                                   | FOR                         |  |
| PACCAR INC                               | 693718108 | 04/29/2025     | Advisory resolution to approve executive compensation                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           5818 |                0 | FOR         | 5818                                     | FOR                         |  |
| PFIZER INC.                              | 717081103 | 04/24/2025     | 2025 advisory approval of executive compensation                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |              3 |                0 | FOR         | 3                                        | FOR                         |  |
| PRUDENTIAL FINANCIAL, INC.               | 744320102 | 05/13/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |           5610 |                0 | FOR         | 5610                                     | FOR                         |  |
| PUBLIC SERVICE ENTERPRISE GROUP INC.     | 744573106 | 04/22/2025     | Advisory Vote on the Approval of Executive Compensation.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          90988 |                0 | FOR         | 90988                                    | FOR                         |  |
| QUANTA SERVICES, INC.                    | 74762E102 | 05/22/2025     | Approval, by non-binding advisory vote, of Quanta's executive compensation.                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          32730 |                0 | FOR         | 32730                                    | FOR                         |  |
| RB GLOBAL, INC.                          | 74935Q107 | 05/05/2025     | Approval, on an advisory basis, of a non-binding resolution on the compensation of the Company's named executive officers as described in the accompanying proxy statement.                                 | SECTION 14A SAY-ON-PAY VOTES |             58 |                0 | FOR         | 58                                       | FOR                         |  |
| REGENERON PHARMACEUTICALS, INC.          | 75886F107 | 06/13/2025     | Proposal to approve, on an advisory basis, executive compensation.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          14044 |                0 | FOR         | 14044                                    | FOR                         |  |
| ROPER TECHNOLOGIES, INC.                 | 776696106 | 06/10/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          34943 |                0 | FOR         | 34943                                    | FOR                         |  |
| RTX CORPORATION                          | 75513E101 | 05/01/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           5399 |                0 | FOR         | 5399                                     | FOR                         |  |
| SEMPRA                                   | 816851109 | 05/13/2025     | Advisory approval of our executive compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           8483 |                0 | FOR         | 8483                                     | FOR                         |  |
| STATE STREET CORPORATION                 | 857477103 | 05/14/2025     | To approve an advisory proposal on executive compensation.                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |           6893 |                0 | FOR         | 6893                                     | FOR                         |  |
| STRYKER CORPORATION                      | 863667101 | 05/08/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          22487 |                0 | FOR         | 22487                                    | FOR                         |  |
| SYSCO CORPORATION                        | 871829107 | 11/15/2024     | To approve, by advisory vote, the compensation paid to Sysco's named executive officers, as disclosed in Sysco's 2024 proxy statement.                                                                      | SECTION 14A SAY-ON-PAY VOTES |             77 |                0 | FOR         | 77                                       | FOR                         |  |
| TARGET CORPORATION                       | 87612E106 | 06/11/2025     | Company proposal to approve, on an advisory basis, our executive compensation (Say on Pay).                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         105456 |                0 | FOR         | 105456                                   | FOR                         |  |
| THE ALLSTATE CORPORATION                 | 020002101 | 05/29/2025     | Advisory vote to approve the compensation of the named executives.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |            495 |                0 | FOR         | 495                                      | FOR                         |  |
| THE HOME DEPOT, INC.                     | 437076102 | 05/22/2025     | Advisory Vote to Approve Executive Compensation ("Say-on-Pay")                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |           1728 |                0 | FOR         | 1728                                     | FOR                         |  |
| THE PNC FINANCIAL SERVICES GROUP, INC.   | 693475105 | 04/23/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |           3191 |                0 | FOR         | 3191                                     | FOR                         |  |
| THE SHERWIN-WILLIAMS COMPANY             | 824348106 | 04/16/2025     | Advisory approval of the compensation of the named executive officers.                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          17735 |                0 | FOR         | 17735                                    | FOR                         |  |
| THE TRAVELERS COMPANIES, INC.            | 89417E109 | 05/21/2025     | Non-binding vote to approve executive compensation.                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          56555 |                0 | FOR         | 56555                                    | FOR                         |  |
| THE WALT DISNEY COMPANY                  | 254687106 | 03/20/2025     | Consideration of an advisory vote to approve executive compensation.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         148459 |                0 | FOR         | 148459                                   | FOR                         |  |
| THERMO FISHER SCIENTIFIC INC.            | 883556102 | 05/21/2025     | An advisory vote to approve named executive officer compensation.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          15168 |                0 | FOR         | 15168                                    | FOR                         |  |
| TRUIST FINANCIAL CORPORATION             | 89832Q109 | 04/29/2025     | Advisory vote to approve Truist's executive compensation program.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          14340 |                0 | FOR         | 14340                                    | 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 |          22386 |                0 | FOR         | 22386                                    | FOR                         |  |
| UNILEVER PLC                             | 904767704 | 04/30/2025     | To approve the Directors' Remuneration Report.                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          11219 |                0 | FOR         | 11219                                    | FOR                         |  |
| UNION PACIFIC CORPORATION                | 907818108 | 05/08/2025     | Approve, by non-binding vote, the compensation of the Company's Named Executive Officers ("Say on Pay").                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          44816 |                0 | FOR         | 44816                                    | FOR                         |  |
| UNITED RENTALS, INC.                     | 911363109 | 05/08/2025     | Advisory Approval of Executive Compensation                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          14886 |                0 | FOR         | 14886                                    | FOR                         |  |
| VALERO ENERGY CORPORATION                | 91913Y100 | 05/06/2025     | Advisory vote to approve the 2024 compensation of named executive officers.                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          53921 |                0 | FOR         | 53921                                    | FOR                         |  |
| VERALTO CORPORATION                      | 92338C103 | 05/14/2025     | To approve on an advisory basis the Company's named executive officer compensation.                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |             22 |                0 | FOR         | 22                                       | FOR                         |  |
| VERIZON COMMUNICATIONS INC.              | 92343V104 | 05/22/2025     | Advisory vote to approve executive compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         430235 |                0 | FOR         | 430235                                   | FOR                         |  |
| WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP | 929740108 | 05/15/2025     | Approve an advisory (non-binding) resolution to approve the 2024 named executive officer compensation.                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          54159 |                0 | FOR         | 54159                                    | FOR                         |  |
| WHIRLPOOL CORPORATION                    | 963320106 | 04/15/2025     | Advisory vote to approve Whirlpool Corporation's executive compensation.                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |           5176 |                0 | FOR         | 5176                                     | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Applied Finance Capital Management, LLC

**By (Signature):** Rafael Resendes

**By (Printed Signature):** Rafael Resendes

**By (Title):** Managing Member

**Date:** 08/04/2025