# EDGAR Filing Document

**Accession Number:** 0001383838
**File Stem:** 0001398344-25-016380
**Filing Date:** 2025-8
**Character Count:** 7085
**Document Hash:** 03c820a5a55e01ec865a758376c7af64
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-016380.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001398344-25-016380

**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:** SHAH CAPITAL MANAGEMENT
- **CENTRAL INDEX KEY:** 0001383838

**ORGANIZATION NAME:**
- **EIN:** 201804775
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12080
- **FILM NUMBER:** 251244034

**BUSINESS ADDRESS:**
- **STREET 1:** 2301 SUGAR BUSH RD
- **STREET 2:** SUITE 510
- **CITY:** RALEIGH
- **STATE:** NC
- **ZIP:** 27612
- **BUSINESS PHONE:** 919 719 6360

**MAIL ADDRESS:**
- **STREET 1:** 2301 SUGAR BUSH RD
- **STREET 2:** SUITE 510
- **CITY:** RALEIGH
- **STATE:** NC
- **ZIP:** 27612

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

## N-PX: Filer Information

**Filer CIK:** 0001383838

**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:** SHAH CAPITAL MANAGEMENT

**Address:** 2301 SUGAR BUSH RD, RALEIGH, NC 27612

**Telephone number:** 919-719-6360

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-12080

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| ANTERO MIDSTREAM CORPORATION | 03676B102 | 06/04/2025     | To approve, on an advisory basis, the compensation of Antero Midstream Corporation's named executive officers.                                                           | SECTION 14A SAY-ON-PAY VOTES | 765565           |                0 | FOR         |                         765565           | FOR                         |  |
| EMEREN GROUP LTD             | 75971T301 | 11/01/2024     | As a resolution of shareholders on an advisory basis, to approve the compensation of our named executive officers as disclosed in the accompanying proxy statement.      | SECTION 14A SAY-ON-PAY VOTES |      1.86985e+07 |                0 | FOR         |                              1.86985e+07 | FOR                         |  |
| EMEREN GROUP LTD             | 75971T301 | 11/01/2024     | As a resolution of shareholders on an advisory basis, to vote on the frequency of future advisory shareholder votes on the compensation of our named executive officers. | SECTION 14A SAY-ON-PAY VOTES |      1.86985e+07 |                0 | FOR         |                              1.86985e+07 | FOR                         |  |
| GANNETT CO., INC.            | 36472T109 | 06/02/2025     | Approval, on an advisory basis, of executive compensation.                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      1.8e+06     |                0 | FOR         |                              1.8e+06     | FOR                         |  |
| GENWORTH FINANCIAL INC.      | 37247D106 | 05/22/2025     | Advisory vote to approve named executive officer compensation.                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 190743           |                0 | FOR         |                         190743           | FOR                         |  |
| NOVAVAX, INC.                | 670002401 | 06/20/2025     | The approval, on an advisory basis, of the compensation of our Named Executive Officers.                                                                                 | SECTION 14A SAY-ON-PAY VOTES |      1.21818e+07 |                0 | AGAINST     |                              1.21818e+07 | AGAINST                     |  |
| VALARIS LTD.                 | G9460G101 | 06/12/2025     | To approve on a non-binding advisory basis the compensation of our named executive officers.                                                                             | SECTION 14A SAY-ON-PAY VOTES | 120506           |                0 | FOR         |                         120506           | FOR                         |  |
| XEROX HOLDINGS CORPORATION   | 98421M106 | 05/21/2025     | Approve, on an advisory basis, the 2024 compensation of our named executive officers.                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 418794           |                0 | FOR         |                         418794           | FOR                         |  |
| YANDEX N.V.                  | N97284108 | 08/15/2024     | Approval of the award of special cash and equity bonuses to each of John Boynton, Rogier Rijnja and Charles Ryan.                                                        | SECTION 14A SAY-ON-PAY VOTES |  17000           |                0 | FOR         |                          17000           | FOR                         |  |
| YANDEX N.V.                  | N97284108 | 08/15/2024     | Amendment to the 2016 Equity Incentive Plan and general authorizations of the Board of Directors.                                                                        | SECTION 14A SAY-ON-PAY VOTES |  17000           |                0 | FOR         |                          17000           | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** SHAH CAPITAL MANAGEMENT

**By (Signature):** Himanshu H. Shah

**By (Printed Signature):** Himanshu H. Shah

**By (Title):** President  Chief Investment Officer

**Date:** 08/22/2025