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 811-07963
The New York State Opportunity Funds
(Exact name of registrant as specified in charter)
5710 Commons Park
E. Syracuse, New York 13057
(Address of principal executive offices)
(Zip code)
Gregg A. Kidd
Pinnacle Advisors LLC
5710 Commons Park
E. Syracuse, New York 13057
(Name and address of agent for service)
Registrant's telephone number, including area code: (315) 251-1101
Date of fiscal year end: March 31
Date of reporting period: June 30, 2004
Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant’s proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking notes.
A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
ITEM 1. PROXY VOTING RECORD:
Disclose the following information for each matter relating to a portfolio security considered at any shareholder meeting held during the period covered by the report and with respect to which the registrant was entitled to vote:
(a).
The name of the issuer of the portfolio security;
(b).
The exchange ticker symbol of the portfolio security;
(c).
The Council on Uniform Securities Identification Procedures ("CUSIP") number for the portfolio security;
(d).
The shareholder meeting date;
(e).
A brief identification of the matter voted on;
(f).
Whether the matter was proposed by the issuer or by a security holder;
(g).
Whether the Registrant cast its vote on the matter;
(h).
How the Registrant cast its vote (e.g., for or against proposal, or abstain; for or withhold regarding election of directors); and
(i).
Whether the Registrant cast its vote for or against management.
New York Equity Fund |
ACTIVE POWER |
Ticker Symbol:ACPW | Cusip Number: 00504w100 | |
Record Date: 2/13/2004 | Meeting Date: 4/29/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | TO ELECT DIRECTORS OF ACTIVE POWER | FOR | ISSUER | FOR | WITH |
2 | TO RATIFY THE APPOINTMENT OF ERNST & YOUNG AS INDEPENENT AUDITORS FOR THE FISCAL YEAR ENDING DEC. 31, 2004 | FOR | ISSUER | FOR | WITH |
ALBANY MOLECULAR RESEARCH, INC |
Ticker Symbol:AMRI | Cusip Number: 012423109 | |
Record Date: 3/24/2004 | Meeting Date: 5/19/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | ELECTION O FDIRECTORS | FOR | ISSUER | FOR | WITH |
AROTECH CORP. |
Ticker Symbol:ARTX | Cusip Number: 042682104 | |
Record Date: 4/16/2004 | Meeting Date: 6/14/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | TO FIX THE NUMBER OF CLASS LLL DIRECTORS AT 3 AND TO ELECT 3 CLASSLLL DIRECTORS FOR A 3 YEAR TERM ENDING IN 2007 | FOR | ISSUER | FOR | WITH |
2 | TO RATIFY THE APPOINTMENT OF KOST, FORER, GABBAY & KASSIERER INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS IN ISREAL AND A MEMBER FIRM OF ERNST & YOUNG INTERMATIONAL, AS OUR INDEPENDENT ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004 | FOR | ISSUER | FOR | WITH |
3 | TO AMEND OUR AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO INCREASE OUR AUTHORIZED COMMON STOCK FROM 100,000,000 SHARES TO 250,000,000 SHARES | ABSTAINED | ISSUER | WITH |
4 | TOAMEND THE TERMS OF OUR 1995 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN TO INCREASE INITAL GRANTS TO NEW DIRECTORS FROM 25,000 TO 50,000 OPTIONS, AND TO INCREASE ANNUAL GRANTS TO DIREDTORS FROM 10,000 TO 35,000 OPTIONS | FOR | ISSUER | FOR | WITH |
5 | TO APPROVE AND ADOPT THE 2004 STOCK OPTION AND RESTRICTED STOCK PURCHASE PLAN | FOR | ISSUER | FOR | WITH |
CITIGROUP INC. |
Ticker Symbol:C | Cusip Number: 172967101 | |
Record Date: 2/27/2004 | Meeting Date: 5/20/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | VOTE ON DIRECTORS-PROPOSAL TO ELECT 15 DIRECTORS TO A ONE YEAR TERM. | FOR | ISSUER | FOR | WITH |
2 | TO RATIFY THE SELECTION OF KPMG LLP AS CITIGROUPS INDEPENDENT AUDITORS FOR 2004. | FOR | ISSUER | FOR | WITH |
3 | STOCKHOLDER PROPOSAL REQUESTING A CURB ON EXECUTIVE COMPENSATION, NO FUTURE STOCK OPTION GRANTS AND NO RENEWALS OR EXTENSIONS OF OPTION PLANS. | AGAINST | STOCKHOLDER | AGAINST | WITH |
4 | STOCKHOLDER PROPOSAL REQUESTING A REPORT ON POLITICAL CONTRIBUTIONS. | AGAINST | STOCKHOLDER | AGAINST | WITH |
5 | STOCKHOLDER PROPOSAL REQUESTING A DISCONTINUATION OF ALL RIGHTS, OPTIONS, SAR'S AND POSSIBLE SEVERANCE PAYMENTS TO THE TOP 5 OF MANAGEMENT | AGAINST | STOCKHOLDER | AGAINST | WITH |
6 | STOCKHOLDER PROPOSAL REQUESTING THAT CHAIRMAN OF THE BOARD HAVE NO MANAGEMENT DUTIES, TITLES OR RESPONSIBILITIES. | AGAINST | STOCKHOLDER | AGAINST | WITH |
CORNING |
Ticker Symbol:GLW | Cusip Number: 219350105 | |
Record Date: 3/1/2004 | Meeting Date: 4/29/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | ELECTION OF DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | RATIFY THE APPOINTMENT OF PRICEWATERHOUSE-COOPERS LLP AS INDEPENDENT AUDITORS FOR YEAR ENDING DEC 31, 2004 | FOR | ISSUER | FOR | WITH |
3 | SEVERANCE AGREEMENTS WITH SENIOR EXECUTIVES | FOR | ISSUER | FOR | WITH |
EASTMAN KODAK |
Ticker Symbol:EK | Cusip Number: 277461109 | |
Record Date: 3/15/2004 | Meeting Date: 5/12/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | ELECTION OF DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | RATIFICATION OF ELECTION OF INDEPENDENT ACCOUNTANTS | FOR | ISSUER | FOR | WITH |
3 | RE-APPROVAL OF MATERIAL TERMS OF THE PERFORMANCE GOALS OF THE 2000 OMNIBUS LONG-TERM COMPENSATION PLAN | FOR | ISSUER | FOR | WITH |
4 | SHAREHOLDER PROPOSAL REQUESTING ADOPTION OF A CHEMICALS POLICY | AGAINST | ISSUER | AGAINST | WITH |
5 | SHAREHOLDER PROPOSAL REQUESTING LIMITS ON COMPENSATION OF CERTAIN EXECUTIVES | AGAINST | ISSUER | AGAINST | WITH |
GOLMAN SACHS |
Ticker Symbol:GS | Cusip Number: 38141g104 | |
Record Date: 2/2/2004 | Meeting Date: 3/31/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | ELECTION OF BOARD OF DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | RATIFICATION OF APPOINTMENT BY THE AUDIT COMMITTEE OF THE BBOARD OF DIRECTORS OF PRICEWATERHOUSE-COOPERS LLP AS INDEPENDENT AUDITORS FOR THE 2004 FISCAL YEAR. | FOR | ISSUER | FOR | WITH |
3 | ANNUAL ELECTION OF ALL DIRECTORS TO THE BOARD OF DIRECTORS | AGAINST | ISSUER | AGAINST | WITH |
JETBLUE AIRWAYS CORPORATION |
Ticker Symbol:JBLU | Cusip Number: 477143101 | |
Record Date: 5/12/2004 | Meeting Date: 5/26/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | TO ELECT 3 CLASS LL DIRECTORS FOR TERMS EXPIRING IN 2007 | FOR | ISSUER | FOR | WITH |
2 | TO RATIFY THE APOINTMENT OF ERNST YOUNG LLP AS THE COMPANY'S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DEC. 31, 2004 | FOR | ISSUER | FOR | WITH |
LEHMAN BROTHERS HOLDINGS INC. |
Ticker Symbol:LEH | Cusip Number: 524908100 | |
Record Date: 2/13/2004 | Meeting Date: 4/2/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | ELECTION OF CLASS LL DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | RATIFICATION OF ERNST & YOUN LLP AS INDEPENDENT AUDITORS FOR THE FISCAL YEAR 2004 | FOR | ISSUER | FOR | WITH |
LIGAND PHARMACEUTICALS |
Ticker Symbol:LGND | Cusip Number: 53220k207 | |
Record Date: 4/30/2004 | Meeting Date: 6/11/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | ELECTION OF DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | AMENDMENT OF 2002 STOCK OPTION/STOCK ISSUANCE PLAN | FOR | ISSUER | FOR | WITH |
3 | AMENDMENT TO COMPANY'S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION | FOR | ISSUER | FOR | WITH |
M & T BANK |
Ticker Symbol:MTB | Cusip Number: 55261f104 | |
Record Date: 2/27/2004 | Meeting Date: 4/20/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | ELECTION OF DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | TO RATIFY APPOINTMENT OF PRICEWATERHOUSE-COOPERS LLP AS THE INDEPENDENT PUBLIC ACCOUNTANT FOR THE YEAR ENDING DEC. 31,2004 | FOR | ISSUER | FOR | WITH |
MECHANICAL TECHNOLOGY INC. |
Ticker Symbol:MKTY | Cusip Number: 583538103 | |
Record Date: 4/26/2004 | Meeting Date: 5/26/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | ELECTION OF DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | TO APPROVE THE PRIVATE PLACEMENT OF THE COMPANY'S COMMON STOCK TO FLETCHER INTERNATIONAL, LTD | FOR | ISSUER | FOR | WITH |
3 | TO RATIFY THE SELECTION OF PRICEWATERHOUSE-COOPERS LLP AS INDEPENDENT AUDITORS FOR THE YEAR ENDING DEC. 31, 2004 | FOR | ISSUER | FOR | WITH |
MERRILL LYNCH & CO. |
Ticker Symbol:MER | Cusip Number: 590018810 | |
Record Date: 2/24/2004 | Meeting Date: 4/23/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | THE ELETION TO THE BOARD OF DIRECTORS OF THE 2 NOMINEES FOR A TERM OF 3 YEARS. | FOR | ISSUER | FOR | WITH |
2 | RATIFY APPOINTMENT OF DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITOR | FOR | ISSUER | FOR | WITH |
3 | INSTITUTE CUMULATIVE VOTING | FOR | ISSUER | FOR | WITH |
4 | INDEPENDENT CHAIRMAN SEPERATE FROM CHIEF EXECUTIVE OFFICER | FOR | ISSUER | FOR | WITH |
PFIZER INC. |
Ticker Symbol:PFE | Cusip Number: 717081103 | |
Record Date: 2/27/2004 | Meeting Date: 4/22/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | ELECTION OF DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | PROPOSAL TO APPROVE KPMG LLP AS INDEPENDENT AUDITOR FOR 2004 | FOR | ISSUER | FOR | WITH |
3 | A PROPOSAL TO APPROVE THE PFIZER 2004 STOCK PLAN. | FOR | ISSUER | FOR | WITH |
4 | PROPOSAL REQUESTING REVIEW OF ECONOMIC EFFECTS OF THE HIV/AIDS, TB AND MALARIA PANDEMICS ON THE COMPANY'S BUSISNESS STRATEGY | AGAINST | STOCKHOLDER | AGAINST | WITH |
5 | PROPOSAL RELATIONG TO POLITICAL CONTRIBUTIONS | AGAINST | STOCKHOLDER | AGAINST | WITH |
6 | PROPOSAL RELATING TO AN ANNUAL REPORT ON CORPORATE RESOURCES DEVOTED TO SUPPORTING POLITICAL ENTITIES OR CANDIDATES. | AGAINST | STOCKHOLDER | AGAINST | WITH |
7 | PROPOSAL SEEKING TO IMPOSE TERM LIMITS ON DIRECTORS | AGAINST | STOCKHOLDER | AGAINST | WITH |
8 | PROPOSAL REQUESTING A REPORT ON INCREASING ACCESS TO PFIZER JPRODUCTS | AGAINST | STOCKHOLDER | AGAINST | WITH |
9 | PROPOSAL ON STOCK OPTIONS | AGAINST | STOCKHOLDER | AGAINST | WITH |
10 | PROPOSAL ON IN VITRO TESTING | ABSTAINED | STOCKHOLDER | WITH |
PLUG POWER INC. |
Ticker Symbol:PLUG | Cusip Number: 72919p103 | |
Record Date: 3/26/2004 | Meeting Date: 5/20/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | ELECTION OF 3 CLASS LLL DIRECTORS, EACH TO HOLD OFFICE UNTIL THE COMPANY'S 2007 ANNUAL MEETING OF STOCKHOLDERS AND UNTIL HIS SUCCESSOR IS DULY ELEDTED AND SPECIFIED. | FOR | ISSUER | FOR | WITH |
REGENERON PHARMACEUTICALS, INC |
Ticker Symbol:REGN | Cusip Number: 75886f107 | |
Record Date: 4/16/2004 | Meeting Date: 6/11/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | ELECTION OF DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | TO APPROVE PWC AS INDEPENDENT ACCOUNTANTS | FOR | ISSUER | FOR | WITH |
3 | TO AMEND 2000 LONG-TERM INCENTIVE PLAN TO INCREASE THE NUMBER OF SHARES RESERVED FOR ISSUANCE BY 7.5 MILLION. | FOR | ISSUER | FOR | WITH |
SIEBERT FINANCIAL CORP. |
Ticker Symbol:SIEB | Cusip Number: 826176109 | |
Record Date: 5/28/2004 | Meeting Date: 6/30/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | ELECT 7 DIRCTORS | FOR | ISSUER | FOR | WITH |
THE BANK OF NEW YORK COMPANY, INC |
Ticker Symbol:BK | Cusip Number: 064057102 | |
Record Date: 2/23/2004 | Meeting Date: 4/13/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | ELECTION OF DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | RATIFICATION OF AUDITORS | FOR | ISSUER | FOR | WITH |
3 | APPROVAL OF AMENDMENT TO COMPANY'S 2004 MANAGEMENT INCENTIVE COMPENSATION PLAN | FOR | ISSUER | FOR | WITH |
4 | SHAREHOLDER PROPOSAL WITH RESPECT TO POLITICAL CONTRIBUTIONS | FOR | STOCKHOLDER | AGAINST | AGAINST |
5 | SHAREHOLDER PROPOSAL WITH RESPECT TO EXECUTIVE COMPENSATION | FOR | STOCKHOLDER | AGAINST | AGAINST |
6 | SHAREHOLDER PROPOSAL WITH RESPECT TO THE COMPENSATION OF THE RISK COMMITTEE | ABSTAINED | ISSUER | AGAINST | AGAINST |
7 | SHAREHOLDER PROPOSAL WITH RESPECT TO THE COMPANY'S RIGHTS PLAN. | FOR | STOCKHOLDER | AGAINST | AGAINST |
THE BEAR STEARNS COMPANIES INC. |
Ticker Symbol:BSC | Cusip Number: 073902108 | |
Record Date: 2/19/2004 | Meeting Date: 3/31/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | ELECTION OF DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | APPROVAL OF AMENDMENT TO THE CAPITAL ACCUMULATION PLAN FOR SENIOR MANAGING DIRECTORS | FOR | ISSUER | FOR | WITH |
3 | APPROVAL OF AMENDMENT TO THE STPCK AWARD PLAN | FOR | ISSUER | FOR | WITH |
4 | APPROVAL OF THE RESTRICTED STOCK UNIT PLAN, AS AMENDED | FOR | ISSUER | FOR | WITH |
5 | RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING NOVEMBER 30, 2004 | FOR | ISSUER | FOR | WITH |
TIME WARNER INC. |
Ticker Symbol:TWC | Cusip Number: 887317105 | |
Record Date: 5/23/2004 | Meeting Date: 5/21/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | ELECTION OF DIRECTORS | FOR | ISSUER | FOR | WITH |
2 | RATIFICATION OF AUDITORS | FOR | ISSUER | FOR | WITH |
3 | STOCKHOLDERS PROPOSAL REGARDING CHINA BUSINESS PRINCIPA;S | AGAINST | ISSUER | AGAINST | WITH |
4 | STOCKHOLDER PROPOSAL REGARDING REPORT ON PAY DISPARITY | AGAINST | ISSUER | AGAINST | WITH |
TRAVELERS PROPERTY CASUALTY CORP. |
Ticker Symbol:TAPA | Cusip Number: 89420G406 | |
Record Date: 2/6/2004 | Meeting Date: 3/19/2004 |
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
1 | TO APPROVE THE AGREEMENT AND PLAN OF MERGER DATED AS OF NOVEMBER 16, 2003, AMONG THE ST. PAUL COMPANIES, INC. TRAVELERS PROPERTY CASUALTY CORP. AND ADAMS ACQUISITION CORP. | FOR | ISSUER | FOR | WITH |
* Management Recommended Vote
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.
The New York State Opportunity Funds
By /s/Gregg A. Kidd
* Gregg A. Kidd
Chief Executive Officer
By /s/Daniel F. Raite
* Daniel F. Raite
Chief Financial Officer
Date: August 27, 2004
*Print the name and title of each signing officer under his or her signature.