# EDGAR Filing Document

**Accession Number:** 0001167212
**File Stem:** 0000919574-25-005003
**Filing Date:** 2025-8
**Character Count:** 27473
**Document Hash:** dca0d44608e397c9cc5b1350ce28c091
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000919574-25-005003.hdr.sgml**: 20250819

**ACCESSION NUMBER**: 0000919574-25-005003

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250819

**EFFECTIVENESS DATE**: 20250819

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEEDHAM INVESTMENT MANAGEMENT LLC
- **CENTRAL INDEX KEY:** 0001167212

**ORGANIZATION NAME:**
- **EIN:** 223408336
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10095
- **FILM NUMBER:** 251231217

**BUSINESS ADDRESS:**
- **STREET 1:** 250 PARK AVENUE, 10TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10177
- **BUSINESS PHONE:** 212-705-0404

**MAIL ADDRESS:**
- **STREET 1:** 250 PARK AVENUE, 10TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10177

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

## N-PX: Filer Information

**Filer CIK:** 0001167212

**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:** NEEDHAM INVESTMENT MANAGEMENT LLC

**Address:** 250 PARK AVENUE, 10TH FLOOR, NEW YORK, NY 10177

**Telephone number:** 212-705-0404

**Name of agent for service:** George Needham

**Agent Address:** 250 Park Avenue, New York, NY 10177

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

**SEC File Number:** 028-10095

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [ ] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [x] 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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| ENHABIT, INC.                            | 29332G102 | 07/25/2024     | To approve, on an advisory basis, the compensation of the named executive officers as disclosed in this proxy statement.                                                                                | SECTION 14A SAY-ON-PAY VOTES |          35000 |                0 | For         |                                    35000 | FOR                         |  |
| VIASAT, INC.                             | 92552V100 | 09/05/2024     | Advisory Vote on Executive Compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         250000 |                0 | For         |                                   250000 | FOR                         |  |
| FREQUENCY ELECTRONICS, INC.              | 358010106 | 10/08/2024     | Approval of the non-binding advisory vote on the compensation of the Company's Named Executive Officers.                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         105950 |                0 | For         |                                   105950 | FOR                         |  |
| MEDTRONIC PLC                            | G5960L103 | 10/17/2024     | Approving, on an advisory basis, the Company's executive compensation.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          31041 |                0 | For         |                                    31041 | 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 |          16000 |                0 | For         |                                    16000 | FOR                         |  |
| COHERENT CORP.                           | 19247G107 | 11/14/2024     | Non-binding advisory vote to approve compensation paid to named executive officers in fiscal year 2024.                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         140000 |                0 | For         |                                   140000 | FOR                         |  |
| COMTECH TELECOMMUNICATIONS CORP.         | 205826209 | 01/13/2025     | Approval, on an advisory basis, of the compensation of our Named Executive Officers.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         200000 |                0 | For         |                                   200000 | 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 |          20000 |                0 | For         |                                    20000 | FOR                         |  |
| PHOTRONICS, INC.                         | 719405102 | 04/02/2025     | To approve by non-binding advisory vote, the compensation of our named executive officers.                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         235000 |                0 | For         |                                   235000 | FOR                         |  |
| SCHLUMBERGER LIMITED (SCHLUMBERGER N.V.) | 806857108 | 04/02/2025     | Advisory approval of our executive compensation.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |           3000 |                0 | For         |                                     3000 | FOR                         |  |
| PARSONS CORPORATION                      | 70202L102 | 04/15/2025     | To approve, by non-binding advisory vote, the compensation program for the Company's named executive officers, as disclosed in the Compensation Discussion and Analysis section of the proxy statement. | SECTION 14A SAY-ON-PAY VOTES |          45000 |                0 | For         |                                    45000 | FOR                         |  |
| CENTURI HOLDINGS, INC.                   | 155923105 | 04/16/2025     | Approval, on a non-binding, advisory basis, of executive compensation.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          27628 |                0 | For         |                                    27628 | FOR                         |  |
| CENTURI HOLDINGS, INC.                   | 155923105 | 04/16/2025     | Approval, on a non-binding, advisory basis, of the frequency of the non-binding advisory vote on executive compensation.                                                                                | SECTION 14A SAY-ON-PAY VOTES |          27628 |                0 | 1 Year      |                                    27628 | FOR                         |  |
| ENTEGRIS, INC.                           | 29362U104 | 04/23/2025     | Approval, by non-binding vote, of the compensation paid to Entegris, Inc.'s named executive officers (advisory vote).                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          75000 |                0 | For         |                                    75000 | FOR                         |  |
| THE BOEING COMPANY                       | 097023105 | 04/24/2025     | Approve, on an Advisory Basis, Named Executive Officer Compensation.                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          22500 |                0 | For         |                                    22500 | FOR                         |  |
| ASPEN AEROGELS, INC.                     | 04523Y105 | 04/30/2025     | Approval of the compensation of Aspen Aerogels, Inc.'s named executive officers, as disclosed in its Proxy Statement for the 2025 Annual Meeting.                                                       | SECTION 14A SAY-ON-PAY VOTES |         137200 |                0 | For         |                                   137200 | FOR                         |  |
| ENCOMPASS HEALTH CORPORATION             | 29261A100 | 05/01/2025     | An advisory vote to approve executive compensation.                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          50000 |                0 | For         |                                    50000 | FOR                         |  |
| RTX CORPORATION                          | 75513E101 | 05/01/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |           5000 |                0 | For         |                                     5000 | FOR                         |  |
| AIR LEASE CORPORATION                    | 00912X302 | 05/02/2025     | Advisory vote to approve named executive officer compensation                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          45000 |                0 | For         |                                    45000 | FOR                         |  |
| BROOKFIELD ASSET MANAGEMENT LTD.         | 113004105 | 05/05/2025     | The Say on Pay Resolution set out in the Management Information Circular of the Corporation dated March 25, 2025 (the "Circular").                                                                      | SECTION 14A SAY-ON-PAY VOTES |          12570 |                0 | For         |                                    12570 | FOR                         |  |
| GILEAD SCIENCES, INC.                    | 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 |          50000 |                0 | For         |                                    50000 | FOR                         |  |
| TTM TECHNOLOGIES, INC.                   | 87305R109 | 05/08/2025     | To approve, on an advisory, non-binding basis, the compensation of the Company's named executive officers.                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         100000 |                0 | For         |                                   100000 | FOR                         |  |
| UNISYS CORPORATION                       | 909214306 | 05/08/2025     | Advisory vote to approve executive compensation.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         145000 |                0 | For         |                                   145000 | FOR                         |  |
| VEECO INSTRUMENTS INC.                   | 922417100 | 05/08/2025     | To approve, on a non-binding advisory basis, the compensation of our named executive officers.                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         105000 |                0 | For         |                                   105000 | FOR                         |  |
| TERADYNE, INC.                           | 880770102 | 05/09/2025     | To approve, on a non-binding, advisory basis, the 2024 compensation of the Company's named executive officers.                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          10000 |                0 | For         |                                    10000 | FOR                         |  |
| MKS INSTRUMENTS, INC.                    | 55306N104 | 05/12/2025     | The approval, on an advisory basis, of executive compensation.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          40000 |                0 | For         |                                    40000 | FOR                         |  |
| SOUTHWEST AIRLINES CO.                   | 844741108 | 05/14/2025     | Advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          35250 |                0 | For         |                                    35250 | FOR                         |  |
| AXT, INC.                                | 00246W103 | 05/15/2025     | To approve, on an advisory basis, the compensation of our Named Executive Officers.                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          93500 |                0 | For         |                                    93500 | FOR                         |  |
| CORE MOLDING TECHNOLOGIES, INC.          | 218683100 | 05/15/2025     | A non-binding advisory vote on the compensation of the named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          50000 |                0 | For         |                                    50000 | FOR                         |  |
| LABCORP HOLDINGS INC.                    | 504922105 | 05/15/2025     | To approve, by non-binding vote, the compensation of the Company's Named Executive Officers.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          37763 |                0 | For         |                                    37763 | 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 |          55000 |                0 | For         |                                    55000 | FOR                         |  |
| FORMFACTOR, INC.                         | 346375108 | 05/16/2025     | Advisory approval of FormFactor's executive compensation.                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         260000 |                0 | For         |                                   260000 | FOR                         |  |
| HONEYWELL INTERNATIONAL INC.             | 438516106 | 05/20/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          20000 |                0 | For         |                                    20000 | FOR                         |  |
| CLEAN HARBORS, INC.                      | 184496107 | 05/21/2025     | To approve on a non-binding, advisory basis, the compensation of the Company's named executive officers as described in the Company's definitive proxy statement.                                       | SECTION 14A SAY-ON-PAY VOTES |          14606 |                0 | For         |                                    14606 | FOR                         |  |
| FARO TECHNOLOGIES, INC.                  | 311642102 | 05/21/2025     | Non-binding resolution to approve the compensation of the Company's named executive officers.                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          38375 |                0 | For         |                                    38375 | FOR                         |  |
| THERMO FISHER SCIENTIFIC INC.            | 883556102 | 05/21/2025     | An advisory vote to approve named executive officer compensation.                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          13000 |                0 | For         |                                    13000 | FOR                         |  |
| DUPONT DE NEMOURS, INC.                  | 26614N102 | 05/22/2025     | Advisory Resolution to Approve Executive Compensation                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          15000 |                0 | For         |                                    15000 | FOR                         |  |
| VERIZON COMMUNICATIONS INC.              | 92343V104 | 05/22/2025     | Advisory vote to approve executive compensation                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          20000 |                0 | For         |                                    20000 | FOR                         |  |
| CHEVRON CORPORATION                      | 166764100 | 05/28/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |           4000 |                0 | For         |                                     4000 | FOR                         |  |
| SURO CAPITAL CORP.                       | 86887Q109 | 05/28/2025     | To provide an advisory non-binding vote to approve executive compensation.                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         378594 |                0 | For         |                                   378594 | FOR                         |  |
| SURO CAPITAL CORP.                       | 86887Q109 | 05/28/2025     | To recommend, in a non-binding vote, the frequency of an advisory vote to approve the compensation of the Company's named executive officers.                                                           | SECTION 14A SAY-ON-PAY VOTES |         378594 |                0 | 1 Year      |                                   378594 | FOR                         |  |
| LINDBLAD EXPEDITIONS HOLDINGS, INC.      | 535219109 | 06/04/2025     | The approval, on an advisory basis, of the 2024 compensation of our named executive officers.                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          52223 |                0 | For         |                                    52223 | FOR                         |  |
| SUPER MICRO COMPUTER INC.                | 86800U302 | 06/04/2025     | To approve, on a non-binding advisory basis, the compensation of the named executive officers as disclosed in the proxy statement.                                                                      | SECTION 14A SAY-ON-PAY VOTES |         265000 |                0 | For         |                                   265000 | FOR                         |  |
| KINDERCARE LEARNING COMPANIES, INC.      | 49456W105 | 06/05/2025     | Approval, on an advisory basis, of the compensation of the Company's named executive officers.                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          40000 |                0 | For         |                                    40000 | FOR                         |  |
| KINDERCARE LEARNING COMPANIES, INC.      | 49456W105 | 06/05/2025     | Approval of the frequency of the vote to approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                     | SECTION 14A SAY-ON-PAY VOTES |          40000 |                0 | 1 Year      |                                    40000 | FOR                         |  |
| BROOKFIELD CORPORATION                   | 11271J107 | 06/06/2025     | Say on Pay Resolution The Say on Pay Resolution set out in the Circular.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          46294 |                0 | For         |                                    46294 | FOR                         |  |
| FORTREA HOLDINGS INC.                    | 34965K107 | 06/10/2025     | Approval, on an advisory (non-binding) basis, of the compensation of our named executive officers.                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          37763 |                0 | For         |                                    37763 | FOR                         |  |
| KLAVIYO, INC.                            | 49845K101 | 06/10/2025     | To approve, on a non-binding advisory basis, the compensation of Klaviyo's named executive officers.                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          65000 |                0 | For         |                                    65000 | FOR                         |  |
| KLAVIYO, INC.                            | 49845K101 | 06/10/2025     | To approve, on a non-binding advisory basis, the frequency of future stockholder advisory votes on the compensation of Klaviyo's named executive officers.                                              | SECTION 14A SAY-ON-PAY VOTES |          65000 |                0 | 1 Year      |                                    65000 | FOR                         |  |
| NLIGHT, INC.                             | 65487K100 | 06/10/2025     | To approve, on an advisory, non-binding basis, the compensation of our named executive officers.                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         162740 |                0 | For         |                                   162740 | FOR                         |  |
| CAREDX, INC.                             | 14167L103 | 06/12/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          15000 |                0 | For         |                                    15000 | FOR                         |  |
| COMCAST CORPORATION                      | 20030N101 | 06/18/2025     | Advisory vote on executive compensation                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         200000 |                0 | For         |                                   200000 | FOR                         |  |
| LINEAGE, INC.                            | 53566V106 | 06/18/2025     | Advisory (non-binding) approval of the compensation of our named executive officers.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |           3000 |                0 | For         |                                     3000 | FOR                         |  |
| LINEAGE, INC.                            | 53566V106 | 06/18/2025     | Advisory (non-binding) approval of the frequency of future advisory votes on the compensation of our named executive officers.                                                                          | SECTION 14A SAY-ON-PAY VOTES |           3000 |                0 | 1 Year      |                                     3000 | FOR                         |  |
| STANDARD BIOTOOLS INC.                   | 34385P108 | 06/18/2025     | To approve, on an advisory basis, the compensation of our named executive officers as disclosed in the proxy statement.                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          34435 |                0 | For         |                                    34435 | FOR                         |  |
| ENHABIT, INC.                            | 29332G102 | 06/26/2025     | Approval, on an advisory basis, of our named executive officer compensation                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          50000 |                0 | For         |                                    50000 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** NEEDHAM INVESTMENT MANAGEMENT LLC

**By (Signature):** /s/James W. Giangrasso

**By (Printed Signature):** /s/James W. Giangrasso

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

**Date:** 08/19/2025