# EDGAR Filing Document

**Accession Number:** 0001161670
**File Stem:** 0001172661-25-004068
**Filing Date:** 2025-8
**Character Count:** 22861
**Document Hash:** baadbdde8e230447407d24af9c085ecc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-004068.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001172661-25-004068

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CULLINAN ASSOCIATES INC
- **CENTRAL INDEX KEY:** 0001161670

**ORGANIZATION NAME:**
- **EIN:** 611172632
- **STATE OF INCORPORATION:** KY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10216
- **FILM NUMBER:** 251280590

**BUSINESS ADDRESS:**
- **STREET 1:** 295 N. HUBBARDS LANE
- **STREET 2:** SUITE 203
- **CITY:** LOUISVILLE
- **STATE:** KY
- **ZIP:** 40207
- **BUSINESS PHONE:** 5028930300

**MAIL ADDRESS:**
- **STREET 1:** 295 N. HUBBARDS LANE
- **STREET 2:** SUITE 203
- **CITY:** LOUISVILLE
- **STATE:** KY
- **ZIP:** 40207

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

## N-PX: Filer Information

**Filer CIK:** 0001161670

**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:** CULLINAN ASSOCIATES INC

**Address:** 295 N. HUBBARDS LANE, LOUISVILLE, KY 40207

**Telephone number:** 5028930300

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-10216

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| ABBVIE INC                   | 00287Y109 | 05/09/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           2997 |                0 | FOR         |                                     2997 | FOR                         |  |
| ACCENTURE PLC                | G1151C101 | 02/06/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            550 |                0 | FOR         |                                      550 | FOR                         |  |
| AFLAC INC                    | 001055102 | 05/05/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            657 |                0 | FOR         |                                      657 | FOR                         |  |
| AMERICAN EXPRESS CO          | 025816109 | 04/29/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           1918 |                0 | FOR         |                                     1918 | FOR                         |  |
| AMERICAN TOWER CORP          | 03027X100 | 05/14/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |             10 |                0 | FOR         |                                       10 | FOR                         |  |
| AMGEN INC                    | 031162100 | 05/23/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           1117 |                0 | FOR         |                                     1117 | FOR                         |  |
| ANALOG DEVICES INC           | 032654105 | 03/12/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            300 |                0 | FOR         |                                      300 | FOR                         |  |
| APPLE INC                    | 037833100 | 02/25/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           5397 |                0 | FOR         |                                     5397 | FOR                         |  |
| APPLIED MATLS INC            | 038222105 | 03/06/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           3238 |                0 | FOR         |                                     3238 | FOR                         |  |
| BRISTOL-MYERS SQUIBB CO      | 110122108 | 05/06/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           2554 |                0 | FOR         |                                     2554 | FOR                         |  |
| CATERPILLAR INC              | 149123101 | 06/11/2025     | Advisory vote to approve named executive Officer Compensation | SECTION 14A SAY-ON-PAY VOTES |           1279 |                0 | FOR         |                                     1279 | FOR                         |  |
| CHEVRON CORP                 | 166764100 | 05/28/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           4189 |                0 | FOR         |                                     4189 | FOR                         |  |
| CISCO SYS INC                | 17275R102 | 12/09/2024     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            586 |                0 | AGAINST     |                                      586 | AGAINST                     |  |
| CME GROUP INC                | 12572Q105 | 05/08/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            604 |                0 | FOR         |                                      604 | FOR                         |  |
| COCA COLA CO                 | 191216100 | 04/30/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           7734 |                0 | FOR         |                                     7734 | FOR                         |  |
| CORTEVA INC                  | 22052L104 | 04/30/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            320 |                0 | FOR         |                                      320 | FOR                         |  |
| COSTCO WHOLESALE CORP        | 22160K105 | 01/23/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            120 |                0 | FOR         |                                      120 | FOR                         |  |
| CUMMINS INC                  | 231021106 | 05/13/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            260 |                0 | FOR         |                                      260 | FOR                         |  |
| CVS HEALTH CORP              | 126650100 | 05/15/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           4328 |                0 | FOR         |                                     4328 | FOR                         |  |
| DEERE  CO                    | 244199105 | 02/26/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            357 |                0 | FOR         |                                      357 | FOR                         |  |
| DOW INC                      | 260557103 | 04/10/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           2300 |                0 | FOR         |                                     2300 | FOR                         |  |
| DUKE ENERGY CORP             | 26441C204 | 05/01/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            786 |                0 | FOR         |                                      786 | FOR                         |  |
| DUPONT DE NEMOURS INC        | 26614N102 | 05/22/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |             50 |                0 | FOR         |                                       50 | FOR                         |  |
| EATON CORP                   | G29183103 | 04/23/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            218 |                0 | FOR         |                                      218 | FOR                         |  |
| ECOLAB INC                   | 278865100 | 05/08/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            509 |                0 | FOR         |                                      509 | FOR                         |  |
| ELECTRONIC ARTS INC          | 285512109 | 08/01/2024     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           3658 |                0 | FOR         |                                     3658 | FOR                         |  |
| EMERSON ELEC CO              | 291011104 | 02/04/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           1689 |                0 | FOR         |                                     1689 | FOR                         |  |
| EXXON MOBIL CORP             | 03021G102 | 05/28/2025     | Advisory vote to approve named executive Officer Compensation | SECTION 14A SAY-ON-PAY VOTES |           3010 |                0 | AGAINST     |                                     3010 | AGAINST                     |  |
| FASTENAL CO                  | 311900104 | 04/24/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           3747 |                0 | FOR         |                                     3747 | FOR                         |  |
| FIRSTENERGY CORP             | 337932107 | 05/21/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            115 |                0 | AGAINST     |                                      115 | AGAINST                     |  |
| GILEAD SCIENCES INC          | 375558103 | 05/07/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            522 |                0 | FOR         |                                      522 | FOR                         |  |
| GOLDMAN SACHS GROUP INC      | 38141G104 | 04/23/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            227 |                0 | AGAINST     |                                      227 | AGAINST                     |  |
| HOME DEPOT INC               | 437076102 | 05/22/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            231 |                0 | FOR         |                                      231 | FOR                         |  |
| HP INC                       | 40434L105 | 04/14/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |          12970 |                0 | FOR         |                                    12970 | FOR                         |  |
| ILLINOIS TOOL WKS INC        | 452308109 | 05/02/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            950 |                0 | FOR         |                                      950 | FOR                         |  |
| INTERNATIONAL BUSINESS MACHS | 459200101 | 04/29/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           3601 |                0 | FOR         |                                     3601 | FOR                         |  |
| INTERNATIONAL PAPER CO       | 460146103 | 05/12/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            224 |                0 | FOR         |                                      224 | FOR                         |  |
| JOHNSON  JOHNSON             | 478160104 | 04/24/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           3186 |                0 | FOR         |                                     3186 | FOR                         |  |
| JPMORGAN CHASE               | 46625H100 | 05/20/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           1972 |                0 | FOR         |                                     1972 | FOR                         |  |
| KLA CORP                     | 482480100 | 11/06/2024     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            375 |                0 | FOR         |                                      375 | FOR                         |  |
| LOCKHEED MARTIN CORP         | 539830109 | 05/09/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            856 |                0 | FOR         |                                      856 | FOR                         |  |
| LOWES COMPANIES INC          | 548661107 | 05/30/2025     | Advisory vote to approve named executive Officer Compensation | SECTION 14A SAY-ON-PAY VOTES |           2625 |                0 | FOR         |                                     2625 | FOR                         |  |
| MCDONALDS CORP               | 580135101 | 05/20/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           2391 |                0 | FOR         |                                     2391 | FOR                         |  |
| MEDTRONIC PLC                | G5960L103 | 10/17/2024     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           2403 |                0 | FOR         |                                     2403 | FOR                         |  |
| MERCK                        | 58933Y105 | 05/27/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            303 |                0 | FOR         |                                      303 | FOR                         |  |
| META PLATFORMS INC           | 30303M102 | 05/28/2025     | Advisory vote to approve named executive Officer Compensation | SECTION 14A SAY-ON-PAY VOTES |             30 |                0 | FOR         |                                       30 | FOR                         |  |
| META PLATFORMS INC           | 30303M102 | 05/28/2025     | 14A Executive Compensation Vote Frequency                     | SECTION 14A SAY-ON-PAY VOTES |             30 |                0 | FOR         |                                       30 | FOR                         |  |
| METLIFE INC                  | 59156R108 | 06/17/2025     | Advisory vote to approve named executive Officer Compensation | SECTION 14A SAY-ON-PAY VOTES |            349 |                0 | FOR         |                                      349 | FOR                         |  |
| MICROSOFT CORP               | 594918104 | 12/10/2024     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           2272 |                0 | FOR         |                                     2272 | FOR                         |  |
| MORGAN STANLEY               | 617446448 | 05/15/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           1971 |                0 | FOR         |                                     1971 | FOR                         |  |
| ORACLE CORPORATION           | 68389X105 | 11/14/2024     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           2744 |                0 | AGAINST     |                                     2744 | AGAINST                     |  |
| PAYCHEX INC                  | 704326107 | 10/10/2024     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            409 |                0 | FOR         |                                      409 | FOR                         |  |
| PFIZER INC                   | 717081103 | 04/24/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            480 |                0 | FOR         |                                      480 | FOR                         |  |
| PROCTER AND GAMBLE CO        | 742718109 | 10/08/2024     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           3308 |                0 | FOR         |                                     3308 | FOR                         |  |
| PROLOGIS INC.                | 74340W103 | 05/08/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           3249 |                0 | FOR         |                                     3249 | FOR                         |  |
| PRUDENTIAL FINANCIAL INC     | 744320102 | 05/13/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           3087 |                0 | FOR         |                                     3087 | FOR                         |  |
| QUALCOMM INC                 | 747525103 | 03/18/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            506 |                0 | FOR         |                                      506 | FOR                         |  |
| SOUTHERN CO                  | 842587107 | 05/21/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           4444 |                0 | FOR         |                                     4444 | FOR                         |  |
| STRYKER CORP                 | 863667101 | 05/08/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |             55 |                0 | FOR         |                                       55 | FOR                         |  |
| TEXAS INSTRS INC             | 882508104 | 04/17/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           3046 |                0 | FOR         |                                     3046 | FOR                         |  |
| TJX COMPANIES INC            | 872540109 | 06/10/2025     | Advisory vote to approve named executive Officer Compensation | SECTION 14A SAY-ON-PAY VOTES |           2550 |                0 | FOR         |                                     2550 | FOR                         |  |
| TRAVELERS COMPANIES INC      | 89417E109 | 05/21/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            798 |                0 | FOR         |                                      798 | FOR                         |  |
| UNITED HEALTH GROUP INC      | 91324P102 | 06/02/2025     | Advisory vote to approve named executive Officer Compensation | SECTION 14A SAY-ON-PAY VOTES |            110 |                0 | FOR         |                                      110 | FOR                         |  |
| UNITED PARCEL SERVICE INC    | 911312110 | 05/08/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           1068 |                0 | FOR         |                                     1068 | FOR                         |  |
| VIATRIS INC                  | 92556V106 | 12/06/2024     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |             24 |                0 | AGAINST     |                                       24 | AGAINST                     |  |
| VISA INC                     | 92826C839 | 01/28/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           1606 |                0 | FOR         |                                     1606 | FOR                         |  |
| WALMART INC                  | 931142103 | 06/05/2025     | Advisory vote to approve named executive Officer Compensation | SECTION 14A SAY-ON-PAY VOTES |           1012 |                0 | FOR         |                                     1012 | FOR                         |  |
| WALT DISNEY CO               | 254687106 | 03/20/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |           2577 |                0 | FOR         |                                     2577 | FOR                         |  |
| WELLTOWER INC                | 95040Q104 | 05/22/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |             75 |                0 | FOR         |                                       75 | FOR                         |  |
| YUM BRANDS INC               | 988498101 | 05/15/2025     | Advisory approval of the Company's executive Compensation     | SECTION 14A SAY-ON-PAY VOTES |            782 |                0 | FOR         |                                      782 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** CULLINAN ASSOCIATES INC

**By (Signature):** Brian L. Cullinan

**By (Printed Signature):** Brian L. Cullinan

**By (Title):** Principal and CCO

**Date:** 08/29/2025