# EDGAR Filing Document

**Accession Number:** 0001455288
**File Stem:** 0001455288-25-000018
**Filing Date:** 2025-8
**Character Count:** 18540
**Document Hash:** 6b526b04982eac3252ea6a5c8dc82f4a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001455288-25-000018.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001455288-25-000018

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**EFFECTIVENESS DATE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Shelter Mutual Insurance Co
- **CENTRAL INDEX KEY:** 0001455288

**ORGANIZATION NAME:**
- **EIN:** 431214776
- **STATE OF INCORPORATION:** MO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13418
- **FILM NUMBER:** 251210619

**BUSINESS ADDRESS:**
- **STREET 1:** 1817 W BROADWAY
- **CITY:** COLUMBIA
- **STATE:** MO
- **ZIP:** 65218
- **BUSINESS PHONE:** 1-800-743-5837

**MAIL ADDRESS:**
- **STREET 1:** 1817 W BROADWAY
- **CITY:** COLUMBIA
- **STATE:** MO
- **ZIP:** 65218

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

## N-PX: Filer Information

**Filer CIK:** 0001455288

**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:** Shelter Mutual Insurance Co

**Address:** 1817 W BROADWAY, COLUMBIA, MO 65218

**Telephone number:** 573-214-4149

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-13418

**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     | Say on Pay - An advisory vote on the approval of executive compensation                                                                               | SECTION 14A SAY-ON-PAY VOTES |          57585 |                0 | FOR         |                                    57585 | 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 |              8 |                0 | FOR         |                                        8 | FOR                         |  |
| American Express Company                    | 025816109 | 04/29/2025     | Approval, on an advisory basis, of the Company's executive compensation.                                                                              | SECTION 14A SAY-ON-PAY VOTES |          39885 |                0 | FOR         |                                    39885 | FOR                         |  |
| Archer-Daniels-Midland Company              | 039483102 | 05/08/2025     | Advisory Vote on Executive Compensation.                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |             27 |                0 | AGAINST     |                                       27 | AGAINST                     |  |
| Booking Holdings Inc.                       | 09857L108 | 06/03/2025     | Advisory vote to approve 2024 executive compensation.                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |           1100 |                0 | FOR         |                                     1100 | FOR                         |  |
| Bristol-Myers Squibb Company                | 110122108 | 05/06/2025     | Advisory Vote to Approve the Compensation of our Named Executive Officers                                                                             | SECTION 14A SAY-ON-PAY VOTES |          53800 |                0 | FOR         |                                    53800 | FOR                         |  |
| Caterpillar Inc.                            | 149123101 | 06/11/2025     | Advisory Vote to Approve Executive Compensation                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          30780 |                0 | FOR         |                                    30780 | FOR                         |  |
| CME Group Inc.                              | 12572Q105 | 05/08/2025     | Advisory vote on the compensation of our named executive officers.                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          45920 |                0 | FOR         |                                    45920 | FOR                         |  |
| Consensus Cloud Solutions, Inc.             | 20848V105 | 06/11/2025     | To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers.                                             | SECTION 14A SAY-ON-PAY VOTES |              8 |                0 | FOR         |                                        8 | 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 |          10300 |                0 | FOR         |                                    10300 | FOR                         |  |
| Deere  Company                              | 244199105 | 02/26/2025     | Advisory vote to approve executive compensation ("say-on-pay")                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          20315 |                0 | FOR         |                                    20315 | FOR                         |  |
| Elevance Health, Inc.                       | 036752103 | 05/14/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                            | SECTION 14A SAY-ON-PAY VOTES |              5 |                0 | FOR         |                                        5 | FOR                         |  |
| Essent Group Ltd.                           | G3198U102 | 05/07/2025     | Provide a non-binding, advisory vote on our executive compensation.                                                                                   | SECTION 14A SAY-ON-PAY VOTES |             53 |                0 | FOR         |                                       53 | FOR                         |  |
| Exxon Mobil Corporation                     | 30231G102 | 05/28/2025     | Advisory Vote to Approve Executive Compensation                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          65160 |                0 | FOR         |                                    65160 | 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 |          32110 |                0 | FOR         |                                    32110 | 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 |          23700 |                0 | FOR         |                                    23700 | FOR                         |  |
| Illinois Tool Works Inc.                    | 452308109 | 05/02/2025     | Advisory vote to approve compensation of ITW's named executive officers.                                                                              | SECTION 14A SAY-ON-PAY VOTES |          35840 |                0 | FOR         |                                    35840 | FOR                         |  |
| International Business Machines Corporation | 459200101 | 04/29/2025     | Advisory Vote on Executive Compensation                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          38491 |                0 | FOR         |                                    38491 | FOR                         |  |
| JPMorgan Chase  Co.                         | 46625H100 | 05/20/2025     | Advisory resolution to approve executive compensation                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          29000 |                0 | FOR         |                                    29000 | 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 |          26440 |                0 | FOR         |                                    26440 | 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 |          41120 |                0 | FOR         |                                    41120 | FOR                         |  |
| Markel Group Inc.                           | 570535104 | 05/21/2025     | Advisory vote on approval of executive compensation.                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |           1200 |                0 | FOR         |                                     1200 | FOR                         |  |
| Neogen Corporation                          | 640491106 | 10/24/2024     | To Approve, On An Advisory Basis, The Compensation of Named Executive Officers.                                                                       | SECTION 14A SAY-ON-PAY VOTES |            171 |                0 | AGAINST     |                                      171 | AGAINST                     |  |
| 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 |          82520 |                0 | FOR         |                                    82520 | FOR                         |  |
| Northrop Grumman Corporation                | 666807102 | 05/21/2025     | Proposal to approve, on an advisory basis, the compensation of the Company's Named Executive Officers.                                                | SECTION 14A SAY-ON-PAY VOTES |              8 |                0 | FOR         |                                        8 | FOR                         |  |
| Oracle Corporation                          | 68389X105 | 11/14/2024     | Advisory Vote to Approve the Compensation of our Named Executive Officers.                                                                            | SECTION 14A SAY-ON-PAY VOTES |          82710 |                0 | AGAINST     |                                    82710 | AGAINST                     |  |
| Otis Worldwide Corporation                  | 68902V107 | 05/15/2025     | Advisory Vote to Approve Executive Compensation                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          31200 |                0 | AGAINST     |                                    31200 | AGAINST                     |  |
| PepsiCo, Inc.                               | 713448108 | 05/07/2025     | Advisory approval of the Company's executive compensation.                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          51020 |                0 | FOR         |                                    51020 | FOR                         |  |
| Pfizer Inc.                                 | 717081103 | 04/24/2025     | 2025 advisory approval of executive compensation                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         145820 |                0 | FOR         |                                   145820 | FOR                         |  |
| QUALCOMM Incorporated                       | 747525103 | 03/18/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                  | SECTION 14A SAY-ON-PAY VOTES |          51085 |                0 | FOR         |                                    51085 | FOR                         |  |
| SelectQuote, Inc.                           | 816307300 | 11/12/2024     | To approve, by non-binding advisory vote, the compensation of our named executive officers.                                                           | SECTION 14A SAY-ON-PAY VOTES |             65 |                0 | AGAINST     |                                       65 | AGAINST                     |  |
| ServiceNow, Inc.                            | 81762P102 | 05/22/2025     | Advisory vote to approve ServiceNow's named executive officer compensation.                                                                           | SECTION 14A SAY-ON-PAY VOTES |              3 |                0 | FOR         |                                        3 | 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 |          47590 |                0 | FOR         |                                    47590 | FOR                         |  |
| The Procter  Gamble Company                 | 742718109 | 10/08/2024     | Advisory Vote to Approve the Company's Executive Compensation (the "Say on Pay vote").                                                                | SECTION 14A SAY-ON-PAY VOTES |          59695 |                0 | FOR         |                                    59695 | 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 |          35523 |                0 | FOR         |                                    35523 | FOR                         |  |
| Verisk Analytics, Inc.                      | 92345Y106 | 05/20/2025     | To approve executive compensation on an advisory, non-binding basis.                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          39700 |                0 | FOR         |                                    39700 | FOR                         |  |
| Vertex Pharmaceuticals Incorporated         | 92532F100 | 05/14/2025     | Advisory vote to approve named executive officer compensation.                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          27600 |                0 | FOR         |                                    27600 | FOR                         |  |
| Visa Inc.                                   | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                              | SECTION 14A SAY-ON-PAY VOTES |          40610 |                0 | FOR         |                                    40610 | FOR                         |  |
| Walmart Inc.                                | 931142103 | 06/05/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         165666 |                0 | FOR         |                                   165666 | FOR                         |  |
| Ziff Davis, Inc.                            | 48123V102 | 05/07/2025     | To provide an advisory vote on the compensation of Ziff Davis' named executive officers.                                                              | SECTION 14A SAY-ON-PAY VOTES |             25 |                0 | AGAINST     |                                       25 | AGAINST                     |  |

## N-PX: Signature Block

**Reporting Person:** Shelter Mutual Insurance Co

**By (Signature):** David Phillips

**By (Printed Signature):** David Phillips

**By (Title):** Director, Public Markets

**Date:** 08/13/2025