UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number (811-07493)
Hennessy Funds, Inc.
(Exact name of registrant as specified in charter)
7250 Redwood Blvd., Suite 200
Novato, CA 94945
(Address of principal executive offices) (Zip code)
Neil J. Hennessy
7250 Redwood Blvd., Suite 200
Novato, CA 94945
(Name and address of agent for service)
Registrant's telephone number, including area code: 1-800-966-4354
Date of fiscal year end: October 31
Date of reporting period: June 30, 2010
Item 1. Proxy Voting Record.
Hennessy Balanced | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Merck & Co. | 8/7/2009 | 589331107 | MRK | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. To approve the agreement and | Issuer | |||
plan of merger with Schering Plough. | |||||
Hennessy Balanced | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Citigroup Inc. | 172967101 | C | |||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Prop: | Issuer | |||
approve dividend blocker amendment | |||||
aprove the director amendment | |||||
approve the retirement amendment | |||||
approve authorized pref. stock increase. | |||||
Hennessy Balanced | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Citigroup Inc. | 172967101 | C | |||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Prop: | Issuer | |||
approve authorized share increase | |||||
approve the rev stk split | |||||
approve preferred stk change | |||||
Hennessy Balanced | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Alcoa Inc. | 4/23/2010 | 013 817 101 | AA | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Prop to rat ind. Auditor | |||||
3. Approve a majority voting for uncontested director elections | |||||
4. Eliminate super-majority amending 7th article | |||||
5. Eliminate super-majority amending 8th article | |||||
Shareholder: | |||||
to adopt simple-majority vote | |||||
Hennessy Balanced | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
The Boeing Co. | 4/26/2010 | 015 140 100 | BA | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer | |||
2. Rat Deloitte & Touche | |||||
Shareholder prop: | |||||
3. ethical criteria for military contracts | |||||
4. Advisory vote on named executive | |||||
officer comp. | |||||
5. Chge ownership threshold to call | |||||
special meetings | |||||
6. Independent chairman. | |||||
7. Report on political contributions. | |||||
Hennessy Balanced | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
E. I. Du Pont | 4/28/2010 | P92 047 101 | DD | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/ shareholder | |||
2. Rat ind. Reg. pub a/c firm | |||||
Shareholders: | |||||
say on executive pay | |||||
on amendment to human rights policy | |||||
Hennessy Balanced | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
A T & T | 4/30/2010 | 002 06R 102 | T | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/ shareholder | |||
2. Rat ind auditors | |||||
Stkholdr prop: | |||||
Cumulative voting | |||||
Pension credit policy | |||||
Advisory vote on comp | |||||
Special stkholdr meetings | |||||
Hennessy Balanced | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Verizon Communications | 5/6/2010 | 015 140 100 | SPG | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Rat Ernst & Young | |||||
3. Adv. Vote re to exe comp | |||||
Shareholder prop: | |||||
prohibit granting stk options | |||||
Gender identity non-discrimination policy | |||||
Perf stk unit perf threshold | |||||
right to call a special meeting | |||||
adopt and disclose succession planning policy | |||||
approval ofbenefits paid after death | |||||
exe. Stk retention requirements | |||||
Hennessy Balanced | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Pfizer Incorporated | 4/22/2010 | 717 081 103 | PFE | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Prop rat. KPMG | |||||
3. Advisory vote on exe comp | |||||
4. Approval of by-law amendment to | |||||
reduce percentage of shs req for shareholders | |||||
to call special meetings. | |||||
Shareholder prop: | |||||
re stock options | |||||
Hennessy Balanced | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Johnson & Johnson | 4/22/2010 | 478 160 104 | JNJ | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Rat Pricewaterhouse Coopers | |||||
Shareholder prop: | |||||
adv. Voe on exe compt | |||||
special shareowner metings. | |||||
Hennessy Balanced | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Merck & Corp. | 5/25/2010 | 589 33Y 105 | MRK | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer | |||
2. Rat ind reg pub a/c firm | |||||
3. Prop to adopt the 2010 incentive stk plan | |||||
4. Prop to adot the 2010 non-employee | |||||
Directors stk opion plan. | |||||
Hennessy Balanced | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Chevron Corporation | 5/26/2010 | 166 764 100 | CVX | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Rat ind reg pub a/c firm | |||||
3. Reduce the percentage of shockholdings | |||||
required for stockholder to call for special meetings | |||||
Shareholder prop: | |||||
appmtn of ind director w/enviornmental expertise | |||||
holding equity based comp through retirement | |||||
disclosure of payments to host governments | |||||
guidelines for country selection | |||||
financial risks from climate change | |||||
human rights committee | |||||
Hennessy Balanced | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Intel Corporation | 5/19/2010 | 458 140 100 | INTC | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer | |||
2. Rat Ernst & Youngs | |||||
3. Adv. Vote on executive comp. | |||||
Hennessy Balanced | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Caterpillar Inc. | 6/9/2010 | 149 123 101 | CAT | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Rat auditors | |||||
3. Amend 2006 l/t incentive plan | |||||
4. Amend art. And bylaws to declassify board | |||||
5. Amend art. And bylaws to eliminate supermajority vote requirements | |||||
Shareholder prop: | |||||
independent chairman of the board | |||||
review global corporate standards | |||||
special shareholder meetings | |||||
Hennessy Balanced | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
The Home Depot | 5/20/2010 | 437 076 102 | HD | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Rat KPMG | |||||
3. Prop.to approve material terms of Performance | |||||
Shareholder prop: | |||||
cumulative voting | |||||
executive officer comp | |||||
special shareholder meetins | |||||
action by written consent | |||||
ind. Chairman of th eboard | |||||
employment diversity report | |||||
reincorporation in North Dakota | |||||
Hennessy Balanced | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
McDonalds | 5/10/2010 | 580 135 101 | MCD | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Approval of ind auditors 2010 | |||||
Shareholder prop: | |||||
executive comp | |||||
simple majority vote | |||||
the use of controlled atomsophere stunning | |||||
the use of cage free eggs. | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Merck & Co. | 8/7/2009 | 589331107 | MRK | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. To approve the agreement and | Issuer | |||
plan of merger with Schering Plough. | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Citigroup Inc. | 172967101 | C | |||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Prop: | Issuer | |||
approve dividend blocker amendment | |||||
aprove the director amendment | |||||
approve the retirement amendment | |||||
approve authorized pref. stock increase. | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Citigroup Inc. | 172967101 | C | |||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Prop: | Issuer | |||
approve authorized share increase | |||||
approve the rev stk split | |||||
approve preferred stk change | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Alcoa Inc. | 4/23/2010 | 013 817 101 | AA | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Prop to rat ind. Auditor | |||||
3. Approve a majority voting for uncontested director elections | |||||
4. Eliminate super-majority amending 7th article | |||||
5. Eliminate super-majority amending 8th article | |||||
Shareholder: | |||||
to adopt simple-majority vote | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
The Boeing Co. | 4/26/2010 | 015 140 100 | BA | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer | |||
2. Rat Deloitte & Touche | |||||
Shareholder prop: | |||||
3. ethical criteria for military contracts | |||||
4. Advisory vote on named executive | |||||
officer comp. | |||||
5. Chge ownership threshold to call | |||||
special meetings | |||||
6. Independent chairman. | |||||
7. Report on political contributions. | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
E. I. Du Pont | 4/28/2010 | P92 047 101 | DD | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/ shareholder | |||
2. Rat ind. Reg. pub a/c firm | |||||
Shareholders: | |||||
say on executive pay | |||||
on amendment to human rights policy | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Amer. Tel & Tel | 4/30/2010 | 002 06R 102 | T | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/ shareholder | |||
2. Rat ind auditors | |||||
Stkholdr prop: | |||||
Cumulative voting | |||||
Pension credit policy | |||||
Advisory vote on comp | |||||
Special stkholdr meetings | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
American Express | 4/26/2010 | 025 816 109 | AXP | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/ shareholder | |||
2. Rat PrcewaterhouseCoopers | |||||
3. Adv. Vote approving exe comp | |||||
Shareholder prop: | |||||
to cumulative voting for Directors | |||||
to the calling of special shareholder meetings | |||||
to share retention requirements for executives | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Verizon Communications | 5/6/2010 | 015 140 100 | SPG | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Rat Ernst & Young | |||||
3. Adv. Vote re to exe comp | |||||
Shareholder prop: | |||||
prohibit granting stk options | |||||
Gender identity non-discrimination policy | |||||
Perf stk unit perf threshold | |||||
right to call a special meeting | |||||
adopt and disclose succession planning policy | |||||
approval ofbenefits paid after death | |||||
exe. Stk retention requirements | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
General Electric | 4/28/2010 | 369 604 103 | GE | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Rat KPMG | |||||
Shareholder props: | |||||
cumulative voting | |||||
special shareowner meetings | |||||
ind. Board chairman | |||||
pay disparity | |||||
key board committees | |||||
advisory vote on exe comp. | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Pfizer Incorporated | 4/22/2010 | 717 081 103 | PFE | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Prop rat. KPMG | |||||
3. Advisory vote on exe comp | |||||
4. Approval of by-law amendment to | |||||
reduce percentage of shs req for shareholders | |||||
to call special meetings. | |||||
Shareholder prop: | |||||
re stock options | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Kraft Foods, Inc | 5/18/2010 | 500 75N 104 | KFT | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Rat PricewaterhouseCoopers | |||||
Shareholder prop: | |||||
re shareholderaction bywritten consent | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Johnson & Johnson | 4/22/2010 | 478 160 104 | JNJ | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Rat Pricewaterhouse Coopers | |||||
Shareholder prop: | |||||
adv. Voe on exe compt | |||||
special shareowner metings. | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
3M Company | 5/11/2010 | 885 79Y 101 | MMM | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer | |||
2. Rat PriceswaterhouseCoopers | |||||
3. Approve 2008 l/t incentive plan | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
General Electric | 4/28/2010 | 015 140 100 | GE | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Rat KPMG | |||||
Shareholder prop: | |||||
cumulative voting | |||||
special shareowner meetings | |||||
indpendent board Chairman | |||||
pay disparity key board committees | |||||
advisory vote on exe comp | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Merck & Corp. | 5/25/2010 | 589 33Y 105 | MRK | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer | |||
2. Rat ind reg pub a/c firm | |||||
3. Prop to adopt the 2010 incentive stk plan | |||||
4. Prop to adot the 2010 non-employee | |||||
Directors stk opion plan. | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Chevron Corporation | 5/26/2010 | 166 764 100 | CVX | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Rat ind reg pub a/c firm | |||||
3. Reduce the percentage of shockholdings | |||||
required for stockholder to call for special meetings | |||||
Shareholder prop: | |||||
appmtn of ind director w/enviornmental expertise | |||||
holding equity based comp through retirement | |||||
disclosure of payments to host governments | |||||
guidelines for country selection | |||||
financial risks from climate change | |||||
human rights committee | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Intel Corporation | 5/19/2010 | 458 140 100 | INTC | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer | |||
2. Rat Ernst & Youngs | |||||
3. Adv. Vote on executive comp. | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
Caterpillar Inc. | 6/9/2010 | 149 123 101 | CAT | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Rat auditors | |||||
3. Amend 2006 l/t incentive plan | |||||
4. Amend art. And bylaws to declassify board | |||||
5. Amend art. And bylaws to eliminate supermajority vote requirements | |||||
Shareholder prop: | |||||
independent chairman of the board | |||||
review global corporate standards | |||||
special shareholder meetings | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
The Home Depot | 5/20/2010 | 437 076 102 | HD | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Rat KPMG | |||||
3. Prop.to approve material terms of Performance | |||||
Shareholder prop: | |||||
cumulative voting | |||||
executive officer comp | |||||
special shareholder meetins | |||||
action by written consent | |||||
ind. Chairman of th eboard | |||||
employment diversity report | |||||
reincorporation in North Dakota | |||||
Hennessy Total Return | |||||
Period: | 7/1/09 to 6/30/10 | ||||
Company Name | Meeting Date | Cusip | Ticker | ||
McDonalds | 5/10/2010 | 580 135 101 | MCD | ||
Vote: | MRV: n/a | Proposal: | Proposed by Issuer or shareholder: | ||
Director's recommendations | 1. Directors | Issuer/shareholder | |||
2. Approval of ind auditors 2010 | |||||
Shareholder prop: | |||||
executive comp | |||||
simple majority vote | |||||
the use of controlled atomsophere stunning | |||||
the use of cage free eggs. | |||||
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Hennessy Funds, Inc.
By (Signature and Title)* /s/ Neil J. Hennessy
Neil J. Hennessy
Chief Executive Officer
Date July 14, 2010