# EDGAR Filing Document

**Accession Number:** 0001564770
**File Stem:** 0001667731-25-001149
**Filing Date:** 2025-8
**Character Count:** 25728
**Document Hash:** 75dc15fd7a3af906e5ba4d1bdf06065e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001667731-25-001149.hdr.sgml**: 20250818

**ACCESSION NUMBER**: 0001667731-25-001149

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250818

**EFFECTIVENESS DATE**: 20250818

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Oxbow Advisors, LLC
- **CENTRAL INDEX KEY:** 0001564770

**ORGANIZATION NAME:**
- **EIN:** 261399473
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15434
- **FILM NUMBER:** 251227787

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST 6TH STREET
- **STREET 2:** SUITE 1920
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78701
- **BUSINESS PHONE:** 512-386-1088

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST 6TH STREET
- **STREET 2:** SUITE 1920
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78701

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

## N-PX: Filer Information

**Filer CIK:** 0001564770

**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:** Oxbow Advisors, LLC

**Address:** 200 WEST 6TH STREET, AUSTIN, TX 78701

**Telephone number:** 512-386-1088

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-15434

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Resmed Inc. (RMD)                          | 761152107 | 11/19/2024     | Approve, on an advisory basis, the compensation paid to our named executive officers, as disclosed in the proxy statement ("say-on-pay")                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |             43 |                0 | FOR         |                                       43 | FOR                         |  |
| Microsoft Corporation (MSFT)               | 594918104 | 12/10/2024     | Advisory Vote to approve named executive officer compensation ("say-on-pay vote") (The Board recommends a vote FOR this proposal)                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |            256 |                0 | FOR         |                                      256 | FOR                         |  |
| VISA Inc. (V)                              | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |            181 |                0 | FOR         |                                      181 | FOR                         |  |
| Apple Inc (AAPL)                           | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |            293 |                0 | FOR         |                                      293 | FOR                         |  |
| Novartis AG (NVS)                          | 66987V109 | 03/07/2025     | Binding vote on the maximum aggregate amount of compensation for the Board of Directors from the 2025 Annual General Meeting to the 2026 Annual General Meeting                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |             93 |                0 | ABSTAIN     |                                       93 | FOR                         |  |
| Novartis AG (NVS)                          | 66987V109 | 03/07/2025     | Binding vote on the maximum aggregate amount of compensation for the Executive Committee for the 2026 financial year.                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |             93 |                0 | ABSTAIN     |                                       93 | FOR                         |  |
| Moody's Corporation (MCO)                  | 615369105 | 04/15/2025     | Advisory resolution approving executive compensation                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |            105 |                0 | FOR         |                                      105 | FOR                         |  |
| The Cigna Group (CI)                       | 125523100 | 04/23/2025     | Advisory approval of executive compensation                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |             69 |                0 | FOR         |                                       69 | FOR                         |  |
| Johnson  Johnson (JNJ)                     | 478160104 | 04/24/2025     | Advisory vote to approve Named Executive Officer Compensation                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |            114 |                0 | FOR         |                                      114 | FOR                         |  |
| Johnson  Johnson (JNJ)                     | 478160104 | 04/24/2025     | Shareholder opportunity to vote on excessive golden parachutes                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |            114 |                0 | ABSTAIN     |                                      114 | NONE                        |  |
| American Electric Power Company, Inc (AEP) | 025537101 | 04/29/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |            106 |                0 | FOR         |                                      106 | FOR                         |  |
| Corteva (CTVA)                             | 22052L104 | 04/30/2025     | Advisory resolution to approve executive compensation of the Company's named executive officers                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |            164 |                0 | FOR         |                                      164 | FOR                         |  |
| Kimberly-Clark Corporation (KMB)           | 494368103 | 05/01/2025     | Advisory vote to approve Named Executive Officer Compensation                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |            148 |                0 | FOR         |                                      148 | FOR                         |  |
| Mettler-Toledo International Inc (MTD)     | 592688105 | 05/01/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |              7 |                0 | FOR         |                                        7 | FOR                         |  |
| Evergy Inc (EVRG)                          | 30034W106 | 05/06/2025     | Approve the 2024 compensation of our named executive officers on an advisory non-biding basis.                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |            154 |                0 | FOR         |                                      154 | FOR                         |  |
| Gilead Sciences, Inc. (GILD)               | 375558103 | 05/07/2025     | To approve, on an advisory basis, the compensation of our Named Executive Officers as presented in the Proxy Statement.                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |            260 |                0 | FOR         |                                      260 | FOR                         |  |
| Arch Capital Group LTD (ACGL)              | G0450A105 | 05/07/2025     | Advisory vote to approve Named Executive Officer Compensation                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |            154 |                0 | FOR         |                                      154 | FOR                         |  |
| Wheaton Precious Metals (WPM)              | 962879102 | 05/09/2025     | A non-binding advisory resolution on the company's approach to executive compensation.                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |            163 |                0 | FOR         |                                      163 | FOR                         |  |
| Masco Corporation (MAS)                    | 574599106 | 05/09/2025     | To approve, by on-binding advisory vote, the compensation paid to the Company's named executive officers, as disclosed pursuant to the compensation disclosure rules of the SEC, including the Compensation Discussion and Analysis, the compensation tables and the related materials disclosed in the Proxy Statement | SECTION 14A SAY-ON-PAY VOTES |            130 |                0 | FOR         |                                      130 | FOR                         |  |
| Colgate-Palmolive (CL)                     | 194162103 | 05/09/2025     | Advisory vote on executive compensation                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |            100 |                0 | FOR         |                                      100 | FOR                         |  |
| Lockheed Martin Corporation (LMT)          | 539830109 | 05/09/2025     | Advisory Vote to approve the compensation of our named executive officers (Say-on-Pay)                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |             17 |                0 | FOR         |                                       17 | FOR                         |  |
| Centene Corporation (CNC)                  | 15135B101 | 05/13/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |            240 |                0 | FOR         |                                      240 | FOR                         |  |
| ConocoPhillips (COP)                       | 20825C104 | 05/13/2025     | Advisory Approval of Execution Compensation                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |             84 |                0 | FOR         |                                       84 | FOR                         |  |
| Elevance Health Inc (ELV)                  | 036752103 | 05/14/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |             39 |                0 | FOR         |                                       39 | FOR                         |  |
| Cheniere Energy, Inc (LNG)                 | 16411R208 | 05/15/2025     | Approve on an advisory and non-binding basis, the compensation of the Company's named executive officer's for 2024                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |             93 |                0 | FOR         |                                       93 | FOR                         |  |
| O'Reilly Automotive, Inc (ORLY)            | 67103H107 | 05/15/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |             30 |                0 | FOR         |                                       30 | FOR                         |  |
| Medpace Holdings Inc (MEDP)                | 58506Q109 | 05/16/2025     | To approve, on an advisory basis, the compensation of our named executive officers as disclosed in the proxy statement for the 2025 Annual Meeting                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |             31 |                0 | FOR         |                                       31 | FOR                         |  |
| McDonald's Corporstion (MCD)               | 580135101 | 05/20/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |             67 |                0 | FOR         |                                       67 | FOR                         |  |
| EOG Resources, Inc (EOG)                   | 26875P101 | 05/21/2025     | To approve, by non-biding vote, the compensation of the Company's named executive officers                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |            158 |                0 | FOR         |                                      158 | FOR                         |  |
| Zoetis Inc. (ZTS)                          | 98978V103 | 05/21/2025     | Advisory vote to approve our executive compensation                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |             87 |                0 | FOR         |                                       87 | FOR                         |  |
| Royal Gold, Inc. (RGLD)                    | 780287108 | 05/22/2025     | Advisory vote to approve named executive officer compensation                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |            160 |                0 | FOR         |                                      160 | FOR                         |  |
| Verisign Inc. (VRSN)                       | 92343E102 | 05/22/2025     | To approve on an advisory basis, the Company's executive compensation                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |             51 |                0 | FOR         |                                       51 | FOR                         |  |
| ServiceNow Inc (NOW)                       | 81762P102 | 05/22/2025     | Advisory vote to approve ServiceNow's named executive officer compensation                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |             29 |                0 | FOR         |                                       29 | FOR                         |  |
| Amgen (AMGN)                               | 031162100 | 05/23/2025     | Advisory vote to approve our executive compensation                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |             35 |                0 | FOR         |                                       35 | FOR                         |  |
| Exxon Mobil (XOM)                          | 30231G102 | 05/28/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |            159 |                0 | FOR         |                                      159 | FOR                         |  |
| Lowe's Companies, Inc. (LOW)               | 548661107 | 05/30/2025     | Advisory vote to approve the Company's named officer compensation in fiscal 2024                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |             77 |                0 | FOR         |                                       77 | FOR                         |  |
| Expedia Group, Inc. (EXPE)                 | 30212P303 | 06/03/2025     | Approval, on an advisory basis, of the compensation of Expedia Group's named executive officers                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |            130 |                0 | FOR         |                                      130 | FOR                         |  |
| Booking Holdings Inc. (BKNG)               | 09857L108 | 06/03/2025     | Advisory vote to approve 2024 executive compensation                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |              4 |                0 | FOR         |                                        4 | FOR                         |  |
| Regeneron Pharmaceuticals, Inc. (REGN)     | 75886F107 | 06/13/2025     | Proposal to approve, on an advisory basis, executive compensation                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |             31 |                0 | FOR         |                                       31 | FOR                         |  |
| MasterCard Incorporated (MA)               | 57636Q104 | 06/24/2025     | Advisory approval of Mastercard's executive compensation                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |             66 |                0 | FOR         |                                       66 | FOR                         |  |
| McKesson (MCK)                             | 58155Q103 | 06/30/2025     | Advisory Vote to Approve the Company's Executive Compensation                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |             19 |                0 | FOR         |                                       19 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Oxbow Advisors, LLC

**By (Signature):** Kim Mathis-Doumis

**By (Printed Signature):** Kim Mathis-Doumis

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

**Date:** 08/18/2025