# EDGAR Filing Document

**Accession Number:** 0001524362
**File Stem:** 0001524362-25-000002
**Filing Date:** 2025-9
**Character Count:** 4945
**Document Hash:** f63582311041fe083ab6651f9ff6dd41
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001524362-25-000002.hdr.sgml**: 20250908

**ACCESSION NUMBER**: 0001524362-25-000002

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250908

**EFFECTIVENESS DATE**: 20250908

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Indaba Capital Management, L.P.
- **CENTRAL INDEX KEY:** 0001524362

**ORGANIZATION NAME:**
- **EIN:** 271639439
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16058
- **FILM NUMBER:** 251299374

**BUSINESS ADDRESS:**
- **STREET 1:** ONE LETTERMAN DRIVE
- **STREET 2:** BUILDING D, SUITE DM700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94129
- **BUSINESS PHONE:** (415) 680-1180

**MAIL ADDRESS:**
- **STREET 1:** ONE LETTERMAN DRIVE
- **STREET 2:** BUILDING D, SUITE DM700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94129

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Indaba Capital Management, LLC
- **DATE OF NAME CHANGE:** 20110627

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

## N-PX: Filer Information

**Filer CIK:** 0001524362

**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:** Indaba Capital Management, L.P.

**Address:** One Letterman Drive, San Francisco, CA 94129

**Telephone number:** 4156801030

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-16058

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 5493006Z1BQF30EZH355

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| ADVANTAGE SOLUTIONS INC.    | 00791N102 | 05/28/2025     | To approve, on a advisory (non-binding) basis, the compensation of Advantage Solution Inc.'s named executive officers.                                                      | SECTION 14A SAY-ON-PAY VOTES |         980865 |                0 | FOR         |                                   980865 | FOR                         |  |
| BLACKBAUD, INC.             | 09227Q100 | 06/11/2025     | ADVISORY VOTE TO APPROVE THE 2024 COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         193000 |                0 | AGAINST     |                                   193000 | AGAINST                     |  |
| EQUITY COMMONWEALTH         | 294628102 | 11/12/2024     | To approve, on an advisory, non-binding basis, the compensation that may become payable by the Company to its named executive officers in connection with the Plan of Sale. | SECTION 14A SAY-ON-PAY VOTES |        4700000 |                0 | AGAINST     |                                  4700000 | AGAINST                     |  |
| ESPERION THERAPEUTICS, INC. | 29664W105 | 05/29/2025     | To approve the non-binding advisory resolution on the compensation of our named executive officers.                                                                         | SECTION 14A SAY-ON-PAY VOTES |        3000000 |                0 | AGAINST     |                                  3000000 | AGAINST                     |  |

## N-PX: Signature Block

**Reporting Person:** Indaba Capital Management, L.P.

**By (Signature):** Zac Rosenberg

**By (Printed Signature):** Zac Rosenberg

**By (Title):** General Counsel and Chief Compliance Officer

**Date:** 08/29/2025