# EDGAR Filing Document

**Accession Number:** 0001604867
**File Stem:** 0001604867-25-000019
**Filing Date:** 2025-8
**Character Count:** 11005
**Document Hash:** 0cbd25775b3577c655f9b9d2893dd9e7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001604867-25-000019.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001604867-25-000019

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**EFFECTIVENESS DATE**: 20250822

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Solas Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001604867

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

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19361
- **FILM NUMBER:** 251244907

**BUSINESS ADDRESS:**
- **STREET 1:** 1063 POST ROAD
- **STREET 2:** 2ND FLOOR
- **CITY:** DARIEN
- **STATE:** CT
- **ZIP:** 06820
- **BUSINESS PHONE:** 203-625-1300

**MAIL ADDRESS:**
- **STREET 1:** 1063 POST ROAD
- **STREET 2:** 2ND FLOOR
- **CITY:** DARIEN
- **STATE:** CT
- **ZIP:** 06820

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

## N-PX: Filer Information

**Filer CIK:** 0001604867

**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:** Solas Capital Management, LLC

**Address:** 1063 POST ROAD, DARIEN, CT 06820

**Telephone number:** 203-625-1300

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-19361

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|:---|:---|:---|
| HG Holdings, Inc.                    | 42834P207 | 07/16/2024     | An advisory vote regarding the approval of compensation paid to the Company's named executive officers for the year ended December 31, 2023.                                 | SECTION 14A SAY-ON-PAY VOTES |      1.16505e+06 |                0 | FOR         | 1165049.000000                           | FOR                         |  |
| U.S. Silica Holdings, Inc.           | 90346E103 | 07/16/2024     | To approve, by a non-binding advisory vote, the compensation that may be paid or become payable to the Company's named executive officers in connection with the Merger; and | SECTION 14A SAY-ON-PAY VOTES | 775000           |                0 | FOR         | 775000.000000                            | FOR                         |  |
| Kyndryl Holdings, Inc.               | 50155Q100 | 07/25/2024     | Approval, in an advisory, non-binding vote, of the compensation of our named executive officers.                                                                             | SECTION 14A SAY-ON-PAY VOTES | 416159           |                0 | FOR         | 416159.000000                            | FOR                         |  |
| Vista Outdoor Inc.                   | 928377100 | 08/23/2024     | Advisory Vote to Approve Compensation of Vista Outdoor's Named Executive Officers                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Vestis Corporation                   | 29430C102 | 01/27/2025     | To approve, in a non-binding advisory vote, named executive officer compensation for fiscal 2024.                                                                            | SECTION 14A SAY-ON-PAY VOTES | 287990           |                0 | FOR         | 287990.000000                            | FOR                         |  |
| Vestis Corporation                   | 29430C102 | 01/27/2025     | To approve, in a non-binding advisory vote, the frequency of future advisory votes to approve named executive officer compensation.                                          | SECTION 14A SAY-ON-PAY VOTES | 287990           |                0 | ONE YEAR    | 287990.000000                            | FOR                         |  |
| Walgreens Boots Alliance, Inc.       | 931427108 | 01/30/2025     | Advisory vote to approve named executive officer compensation.                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      1.03699e+06 |                0 | FOR         | 1036987.000000                           | FOR                         |  |
| Lee Enterprises, Incorporated        | 523768406 | 02/27/2025     | Approve, by non-binding vote, the Company's compensation of its Named Executive Officers ("Say-On-Pay" vote).                                                                | SECTION 14A SAY-ON-PAY VOTES | 482212           |                0 | FOR         | 482212.000000                            | FOR                         |  |
| ZimVie Inc.                          | 98888T107 | 05/07/2025     | Approve, on a non-binding advisory basis, named executive officer compensation ("Say on Pay").                                                                               | SECTION 14A SAY-ON-PAY VOTES | 340536           |                0 | FOR         | 340536.000000                            | FOR                         |  |
| Advance Auto Parts, Inc.             | 00751Y106 | 05/14/2025     | Approve, by advisory vote, the compensation of our named executive officers.                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 178745           |                0 | FOR         | 178745.000000                            | FOR                         |  |
| Epsilon Energy Ltd.                  | 294375209 | 05/21/2025     | To approve, through a non-binding advisory vote, the compensation paid to the Corporation's named executive officers for the year ended December 31, 2024.                   | SECTION 14A SAY-ON-PAY VOTES |      3.76847e+06 |                0 | FOR         | 3768467.000000                           | FOR                         |  |
| Sportsman's Warehouse Holdings, Inc. | 84920Y106 | 05/28/2025     | Approve, on an advisory basis, the compensation of the Company's named executive officers, as disclosed in the Proxy Statement.                                              | SECTION 14A SAY-ON-PAY VOTES |      1.73853e+06 |                0 | FOR         | 1738531.000000                           | FOR                         |  |
| Mercer International Inc.            | 588056101 | 05/30/2025     | Approval of the advisory (non-binding) resolution to approve executive compensation.                                                                                         | SECTION 14A SAY-ON-PAY VOTES |      1.02516e+06 |                0 | FOR         | 1025157.000000                           | FOR                         |  |
| Grocery Outlet Holding Corp.         | 39874R101 | 06/02/2025     | To approve an advisory (non-binding) vote on the Company's named executive officer compensation.                                                                             | SECTION 14A SAY-ON-PAY VOTES | 411214           |                0 | FOR         | 411214.000000                            | FOR                         |  |
| Fennec Pharmaceuticals Inc.          | 31447P100 | 06/03/2025     | EXECUTIVE COMPENSATION  To vote, on an advisory (non-binding) basis, on the compensation of the Corporation's named executive officers.                                      | SECTION 14A SAY-ON-PAY VOTES |      1.73204e+06 |                0 | FOR         | 1732045.000000                           | FOR                         |  |
| Citi Trends, Inc.                    | 17306X102 | 06/05/2025     | An advisory vote to approve, on a non-binding basis, the compensation of our named executive officers as set forth in the proxy statement.                                   | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Sonida Senior Living, Inc.           | 140475203 | 06/10/2025     | Proposal to approve the Company's executive compensation.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 526449           |                0 | FOR         | 526449.000000                            | FOR                         |  |
| LendingTree, Inc.                    | 52603B107 | 06/11/2025     | Advisory vote to approve LendingTree, Inc.'s executive compensation (say-on-pay).                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| AdvanSix Inc.                        | 00773T101 | 06/18/2025     | An advisory vote to approve executive compensation.                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 343118           |                0 | FOR         | 343118.000000                            | FOR                         |  |
| HG Holdings, Inc.                    | 42834P207 | 06/26/2025     | An advisory vote regarding the approval of compensation paid to the Company's named executive officers for the year ended December 31, 2024.                                 | SECTION 14A SAY-ON-PAY VOTES | 762727           |                0 | FOR         | 762727.000000                            | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Solas Capital Management, LLC

**By (Signature):** James Cator

**By (Printed Signature):** James Cator

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

**Date:** 08/22/2025