UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF
REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-08295
New Providence Investment Trust
(Exact name of registrant as specified in charter)
116 South Franklin Street, Post Office Box 69, Rocky Mount, North Carolina 27802
(Address of principal executive offices) (Zip code)
A. Vason Hamrick
116 South Franklin Street, Post Office Box 69, Rocky Mount, North Carolina 27802
(Name and address of agent for service)
Registrant's telephone number, including area code: 252-972-9922
Date of fiscal year end: May 31
Date of reporting period: July 1, 2006 - June 30, 2007
PROXY VOTING RECORDS
Date Range 07/01/2006 to 06/30/2007 | |||||||||
WISDOM FUND | |||||||||
Meeting | Issuer\ | Security[Symbol] | Meet Type | Vote | For/Agst | Record | Shares | ||
Date | Agenda Items | Prop Type | Cast | Mrv | Date | Voted | |||
9/7/2006 | BLOCK (H&R), INC. | 093671105 [HRB ] | Annual Meeting | 7/5/2006 | 1,000.00 | ||||
1 | Election of Directors | Mgmt | For | For | 1,000.00 | ||||
2 | Approval of an amendment to the 1999 Stock Option Plan for Seasonal Employees to extend the Plan for three years, such that it will terminate, unless further extended, on December 31, 2009. | Mgmt | For | For | 1,000.00 | ||||
3 | Approval of the material terms of performance goals for performance shares issued pursuant to the 2003 Long-Term Executive Compensation Plan. | Mgmt | For | For | 1,000.00 | ||||
4 | Ratification of the appointment of KPMG LLP as the Company's independent accountants for the year ending April 30, 2007. | Mgmt | For | For | 1,000.00 | ||||
9/18/2006 | NIKE, INC. | 654106103 [NKE ] | Annual Meeting | 7/25/2006 | 3,600.00 | ||||
1 | Election of Directors | Mgmt | For | For | 3,600.00 | ||||
2 | Shareholder proposal regarding charitable contributions report. | Shldr | Against | For | 3,600.00 | ||||
3 | Proposal to ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm. | Mgmt | For | For | 3,600.00 | ||||
10/10/2006 | PROCTER & GAMBLE COMPANY (THE) | 742718109 [PG ] | Annual Meeting | 8/11/2006 | 46,295.00 | ||||
1 | Election of Directors | Mgmt | For | For | 46,295.00 | ||||
2 | Approve amendment to the Code of Regulations to decrease the Authorized Number of Directors on the Board. | Mgmt | For | For | 46,295.00 | ||||
3 | Ratify Appointment of the Independent Registered Public Accounting Firm. | Mgmt | For | For | 46,295.00 | ||||
4 | Reapprove and Amend the Material Terms of the Performance Criteria Under the Procter & Gamble 2001 Stock and Incentive Compensation Plan. | Mgmt | For | For | 46,295.00 | ||||
5 | Shareholder Proposal - Award no Future Stock Options. | Shldr | Against | For | 46,295.00 | ||||
10/17/2006 | DIAGEO PLC ADR | 25243Q205 [DEO ] | Annual Meeting | 8/31/2006 | 3,000.00 | ||||
1 | Report and accounts 2006. | Mgmt | For | For | 3,000.00 | ||||
2 | Directors' remuneration report 2006. | Mgmt | For | For | 3,000.00 | ||||
3 | Declaration of final dividend. | Mgmt | For | For | 3,000.00 | ||||
4 | Re-election of Lord Hollick of Notting Hill. | Mgmt | For | For | 3,000.00 | ||||
5 | Re-election of Mr HT Stitzer. | Mgmt | For | For | 3,000.00 | ||||
6 | Re-election of Mr PS Walsh. | Mgmt | For | For | 3,000.00 | ||||
7 | Election of Ms LM Danon. | Mgmt | For | For | 3,000.00 | ||||
8 | Re-appointment and remuneration of auditor. | Mgmt | For | For | 3,000.00 | ||||
9 | Authority to allot relevant securities. | Mgmt | For | For | 3,000.00 | ||||
10 | Disapplication of pre-emption rights. | Mgmt | For | For | 3,000.00 | ||||
11 | Authority to purchase own ordinary shares. | Mgmt | For | For | 3,000.00 | ||||
12 | Authority to make EU political donations/expenditure. | Mgmt | For | For | 3,000.00 | ||||
13 | Adoption of Diageo plc 2006 Irish Profit Sharing Scheme. | Mgmt | For | For | 3,000.00 | ||||
14 | Amendments to Diageo Executive Share Option Plan. | Mgmt | For | For | 3,000.00 | ||||
10/24/2006 | DUKE ENERGY CORPORATION | 26441C105 [DUK ] | Annual Meeting | 8/25/2006 | 12,500.00 | ||||
1 | Election of Directors | Mgmt | For | For | 12,500.00 | ||||
2 | Approval of the Duke Energy Corporation 2006 Long-Term Incentive Plan. | Mgmt | For | For | 12,500.00 | ||||
3 | Ratification of Deloitte & Touche LLP as Duke Energy's independent public accountant for 2006. | Mgmt | For | For | 12,500.00 | ||||
10/24/2006 | KENNAMETAL INC. | 489170100 [KMT ] | Annual Meeting | 9/5/2006 | 3,000.00 | ||||
I | Election of Directors | Mgmt | For | For | 3,000.00 | ||||
II | The approval of the amendment to Kennametal's Amended and Restated Articles of Incorporation. | Mgmt | For | For | 3,000.00 | ||||
III | Ratification of the selection of the independent registered public accounting firm for the fiscal year ending June 30, 2007. | Mgmt | For | For | 3,000.00 | ||||
11/1/2006 | PETROCHINA COMPANY LIMITED ADS | 71646E100 [PTR ] | Special Meeting | 9/20/2006 | 3,000.00 | ||||
1 | "That the continuing connected transactions arising as a result of the acquisition of a 67% interest in PetroKazakhstan Inc. by PetroChina through CNPC Exploration and development Company Limited ("Acquisition"), as set out in the circular of PetroChina d | Mgmt | For | For | 3,000.00 | ||||
2 | "That the proposed revision to the existing annual caps for the three years from 1 January 2006 to 31 December 2008 of each of the continuing connected transaction under the Amended Comprehensive Agreement as a result of the Acquisition, as set out in the | Mgmt | For | For | 3,000.00 | ||||
3 | "That the proposed revision to the existing annual caps for the three years from 1 January 2006 to 31 December 2008 of each of the continuing connected transaction under the Amended Comprehensive Agreement as a result of changes to PetroChina's production | Mgmt | For | For | 3,000.00 | ||||
4 | "That the proposed revision to the existing annual caps for the three years from 1 January 2006 to 31 December 2008 in respect of the products and services to be provided by PetroChina and its subsidiaries to China Railway Materials and Suppliers Corporat | Mgmt | For | For | 3,000.00 | ||||
5 | "That the proposed amendments to the articles of association of PetroChina as set out in the Circular be and hereby generally and unconditionally approved. The board of directors of PetroChina should be authorized, as proposed to be approved at the EGM, t | Mgmt | For | For | 3,000.00 | ||||
11/10/2006 | SYSCO CORPORATION | 871829107 [SYY ] | Annual Meeting | 9/12/2006 | 8,666.00 | ||||
1 | Election of Directors | Mgmt | For | For | 8,666.00 | ||||
2 | Approval of the Ratification of Appointment of Ernst & Young LLP as the Company's Independent Accountants for Fiscal 2007. | Mgmt | For | For | 8,666.00 | ||||
3 | Shareholder Proposal requesting that the Board of Directors implement a majority vote policy by taking certain specified actions. | Shldr | Against | For | 8,666.00 | ||||
12/7/2006 | FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. | 344419106 [FMX ] | Special Meeting | 11/15/2006 | 2,000.00 | ||||
EI | To amend the by-laws of the Company to include the formation of committees, and other adjusts to comply with the provisions of the Mexican Securities Market Law (Ley del Mercado de Valores). | Mgmt | For | For | 2,000.00 | ||||
EII | Appointment of delegates to execute and formalize the resolutions adopted during the meeting. | Mgmt | For | For | 2,000.00 | ||||
EIII | Minutes of the Shareholders' Meeting. | Mgmt | For | For | 2,000.00 | ||||
OI | Election and/or ratification of members of the board of directors and secretary and their alternates; qualification of their independence in accordance to the Mexican Securities Market Law, and resolution with respect to their remuneration. | Mgmt | For | For | 2,000.00 | ||||
OII | Proposal to form committees of the Board of Directors, including the Audit and Corporate Practices Committees, appointment of the chairman for such committees, and resolution with respect to their remuneration. | Mgmt | For | For | 2,000.00 | ||||
OIII | Appointment of delegates to execute and formalize the resolutions adopted during the meeting. | Mgmt | For | For | 2,000.00 | ||||
OIV | Minutes of the Shareholders' Meeting. | Mgmt | For | For | 2,000.00 | ||||
12/19/2006 | KINDER MORGAN, INC. | 49455P101 [KMI ] | Special Meeting | 11/8/2006 | 1,140.00 | ||||
1 | Board proposal to approve and adopt the Agreement and Plan of Merger among Kinder Morgan, Inc., Knight Holdco LLC and Knight Acquisition Co., as it may be amended from time to time. | Mgmt | For | For | 1,140.00 | ||||
2 | Board proposal to adjourn the special meeting to a later date to solicit additional proxies if there are insufficient votes at the time of the special meeting to approve proposal number 1. | Mgmt | For | For | 1,140.00 | ||||
1/31/2007 | COSTCO WHOLESALE CORPORATION | 22160K105 [COST ] | Annual Meeting | 12/1/2006 | 6,500.00 | ||||
1 | Election of Directors | Mgmt | For | For | 6,500.00 | ||||
2 | Ratification of selection of independent auditors. | Mgmt | For | For | 6,500.00 | ||||
1/31/2007 | SONIC CORP. | 835451105 [SONC ] | Annual Meeting | 12/4/2006 | 1,000.00 | ||||
1 | Election of Directors | Mgmt | For | For | 1,000.00 | ||||
2 | Ratification of the selection of Ernst & Young LLP as the Company's independent registered public accounting firm. | Mgmt | For | For | 1,000.00 | ||||
3/5/2007 | WHOLE FOODS MARKET, INC. | 966837106 [WFMI ] | Annual Meeting | 1/8/2007 | 3,000.00 | ||||
1 | Election of Directors | Mgmt | For | For | 3,000.00 | ||||
2 | Ratification of the appointment of Ernst & Young, LLP as independent public accountants for fiscal year 2007. | Mgmt | For | For | 3,000.00 | ||||
3 | Proposal to approve the consolidation, amendment and restatement of the Company's Stock Option Plans. | Mgmt | For | For | 3,000.00 | ||||
4 | Proposal to approve the amendment and restatement of the Company's Team Member Stock Purchase Plan. | Mgmt | For | For | 3,000.00 | ||||
5 | Shareholder proposal regarding the Company's energy use. | Shldr | Against | For | 3,000.00 | ||||
6 | Shareholder proposal regarding separating the roles of our Company CEO and Chairman of the Board. | Shldr | Against | For | 3,000.00 | ||||
3/6/2007 | NOVARTIS AG ADS | 66987V109 [NVS ] | Annual Meeting | 2/6/2007 | 6,000.00 | ||||
1 | Approval of the annual report, the financial statements of Novartis AG and the Group consolidated financial statements for the year 2006 | Mgmt | For | For | 6,000.00 | ||||
2 | Approval of the activities of the Board of Directors | Mgmt | For | For | 6,000.00 | ||||
3 | Appropriation of available earnings of Novartis AG as per balance sheet and declaration of dividend | Mgmt | For | For | 6,000.00 | ||||
4.2.1 | Re-election of Hans-Joerg Rudloff for a three-year term | Mgmt | For | For | 6,000.00 | ||||
4.2.2 | Re-election of Dr. Daniel Vasella for a three-year term | Mgmt | For | For | 6,000.00 | ||||
4.3 | Election of new member: Marjorie M. Yang | Mgmt | For | For | 6,000.00 | ||||
5 | Appointment of the auditors and the Group auditors | Mgmt | For | For | 6,000.00 | ||||
6 | Additional and/or counter-proposals presented at the meeting | Mgmt | For | For | 6,000.00 | ||||
3/8/2007 | TYCO INTERNATIONAL LTD. | 902124106 [TYC ] | Annual Meeting | 1/12/2007 | 3,500.00 | ||||
1 | Election of Directors | Mgmt | For | For | 3,500.00 | ||||
2 | Re-appointment of Deloitte & Touche LLP as Tyco's independent auditors and authorization for the Audit Committee of the Board of Directors to set the auditors' remuneration. | Mgmt | For | For | 3,500.00 | ||||
3/8/2007 | TYCO INTERNATIONAL LTD. | 902124106 [TYC ] | Special Meeting | 1/16/2007 | 3,500.00 | ||||
1a | Approval of reverse stock split of the Company's common shares at a split ratio of 1 for 4. | Mgmt | For | For | 3,500.00 | ||||
1b | Approval of consequential amendment to the Company's Amended & Restated By-Laws. | Mgmt | For | For | 3,500.00 | ||||
3/14/2007 | WRIGLEY (WM.) JR. COMPANY | 982526105 [WWY ] | Annual Meeting | 1/12/2007 | 6,800.00 | ||||
1 | Election of Directors | Mgmt | For | For | 6,800.00 | ||||
2 | Amendment to the Second Restated Certificate of Incorporation to permit amendment of the Bylaws of the Company to adopt majority voting for the election of directors. | Mgmt | For | For | 6,800.00 | ||||
3 | To ratify the appointment of the Company's independent registered public accounting firm (independent auditors) for the year ending December 31, 2007. | Mgmt | For | For | 6,800.00 | ||||
3/14/2007 | WRIGLEY (WM.) JR. COMPANY | 982526204 [WWY ] | Annual Meeting | 1/12/2007 | 2,450.00 | ||||
1 | Election of Directors | Mgmt | For | For | 2,450.00 | ||||
2 | Amendment to the Second Restated Certificate of Incorporation to permit amendment of the Bylaws of the Company to adopt majority voting for the election of directors. | Mgmt | For | For | 2,450.00 | ||||
3 | To ratify the appointment of the Company's independent registered public accounting firm (independent auditors) for the year ending December 31, 2007. | Mgmt | For | For | 2,450.00 | ||||
3/29/2007 | FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. | 344419106 [FMX ] | Annual Meeting | 3/1/2007 | 2,000.00 | ||||
I | Report of the Board of Directors; presentation of the Financial Statements of Fomento Economico Mexicano, S.A.B. de C.V., for the 2006 Fiscal Year, report of the chief executive officer and the opinion of the board of directors with respect to such report | Mgmt | For | For | 2,000.00 | ||||
II | Report of the external auditor with respect to the compliance of tax obligations of the Company. | Mgmt | For | For | 2,000.00 | ||||
III | Application of the Results for the 2006 Fiscal Year, including the payment of a cash dividend, in Mexican pesos, in the amount of Ps. $0.2221689269 per Series "B" share, and Ps. $0.2777111586 per each Series "D" share, corresponding to Ps. $1.1108446345 p | Mgmt | For | For | 2,000.00 | ||||
IV | Proposal to determine the maximum amount to be used in the share repurchase program in the amount of Ps. 3,000,000,000.00 Mexican Pesos. | Mgmt | For | For | 2,000.00 | ||||
V | Proposal to divide all the Series "B" and Series "D" shares of stock outstanding, which form the "B" Units and "BD" Units, in three (3) new shares of the same series. | Mgmt | For | For | 2,000.00 | ||||
VI | Election of Members of the Board of Directors, qualification of their independence in accordance with the Mexican Securities Law, and resolution with respect to their remuneration. | Mgmt | For | For | 2,000.00 | ||||
VII | Proposal to form the committees of the board of directors: (i) finance and planning, (ii) audit, and (iii) corporate practices; appointment of their respective chairperson, and resolution with respect to their remuneration. | Mgmt | For | For | 2,000.00 | ||||
VIII | Appointment of delegates for the Shareholders' Meeting. | Mgmt | For | For | 2,000.00 | ||||
IX | Minutes of the Shareholders' Meeting. | Mgmt | For | For | 2,000.00 |
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.
New Providence Investment Trust
By: (Signature and Title) | /s/ C. Douglas Davenport |
Date: August 31, 2007