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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: 811-09527
DCM SERIES TRUST
________________________________________________________________________
(Exact name of registrant as specified in charter)
7 Wells Avenue, Newton, MA 02459
(Address of principal executive offices)
(Zip code)
Elizabeth S. Fries, P.C.
Goodwin Procter LLP
Exchange Place
Boston, MA 02109
________________________________________________________________________
(Name and address of agent for service)
Registrant's telephone number, including area code: (617) 527-0033
Date of fiscal year end: September 30
Date of reporting period: July 1, 2003 - 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 (ss.ss. 239.24and 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 there under (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles. 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 ("OM B") 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. ss. 3507. SEC 2451 (4-03) Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
ITEM 1. PROXY VOTING RECORD: (see attached chart)
Appended hereto as Exhibit A is the following information indicating for each matter relating to a portfolio security owned by the Registrant considered at any shareholder meeting held during the twelve month period ended June 30, 2004 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.
SIGNATURES
[See General Instruction F]
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)
DCM SERIES TRUST
By (Signature and Title)* /S/ Jonathan J. Derby
Jonathan J. Derby, Vice President & Treasurer
Date August 20, 2004
* Print the name and title of each signing officer under his or her signature.
THE DCM SERIES TRUST: DCM FUND |
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| Item 1, Exhibit A | |||
Investment Company Act file number: 811-09527 |
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July 1, 2003 - June 30, 2004 |
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Security Issuer | Exchange Ticker | Cusip | Meeting Date | Subject Matter | Issuer or Shdr Proposal | Vote Cast | How | For or Against Mgmt.Recommendation |
D.R. HORTON, INC. | DHI | 23331A | 29-Jan-04 | 1) ANNUAL DIRECTOR ELECTIONS | Issuer | Yes | For | For |
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| 2) AMENDMENT TO THE D.R. HORTON, INC. 2000 INCENTIVE BONUS PLAN | Issuer | Yes | For | For |
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| 3) IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON OTHER BUSINESS PROPERLY BROUGHT BEFORE THE MEETING OR ANY ADJOURNMENT. | Issuer | Yes | For | For |
PFIZER INC. | PFE | 717081 | 22-Apr-04 | 1) ANNUAL DIRECTOR ELECTIONS | Issuer | Yes | For | For |
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| 2) A PROPOSAL TO APPROVE THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS FOR 2004. | Issuer | Yes | For | For |
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| 3) A PROPOSAL TO APPROVE THE PFIZER INC. 2004 STOCK PLAN. | Issuer | Yes | Against | For |
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| 4) SHAREHOLDER PROPOSAL REQUESTING REVIEW OF THE ECONOMIC EFFECTS OF THE HIV/AIDS, TB AND MALARIA PANDEMICS ON THE COMPANY S BUSINESS STRATEGY. | Shareholder | Yes | Against | For |
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| 5) SHAREHOLDER PROPOSAL RELATING TO POLITICAL CONTRIBUTIONS. | Shareholder | Yes | Against | For |
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| 6) SHAREHOLDER PROPOSAL RELATING TO AN ANNUAL REPORT ON CORPORATE RESOURCES DEVOTED TO SUPPORTING POLITICAL ENTITIES OR CANDIDATES. | Shareholder | Yes | Against | For |
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| 7) SHAREHOLDER PROPOSAL SEEKING TO IMPOSE TERM LIMITS ON DIRECTORS. | Shareholder | Yes | Against | For |
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| 8) SHAREHOLDER PROPOSAL REQUESTING A REPORT ON INCREASING ACCESS TO PFIZER PRODUCTS. | Shareholder | Yes | Against | For |
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| 9) SHAREHOLDER PROPOSAL ON STOCK OPTIONS. | Shareholder | Yes | Against | For |
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| 10) SHAREHOLDER PROPOSAL ON IN VITRO TESTING. | Shareholder | Yes | Against | For |
CENDANT CORPORATION | CD | 151313 | 20-Apr-04 | 1) ANNUAL DIRECTOR ELECTIONS | Issuer | Yes | For | For |
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| 2) TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BY-LAWS OF THE COMPANY TO ELIMINATE CLASSIFICATION OF THE BOARD OF DIRECTORS OF THE COMPANY. | Issuer | Yes | For | For |
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| 3) TO RATIFY AND APPROVE THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2004. | Issuer | Yes | For | For |
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| 4) STOCKHOLDER PROPOSAL REGARDING THE SEPARATION OF THE OFFICES OF CHIEF EXECUTIVE OFFICER AND CHAIRMAN | Issuer | Yes | Against | For |
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| 5) STOCKHOLDER PROPOSAL REGARDING CHIEF EXECUTIVE OFFICER COMPENSATION. | Issuer | Yes | Against | For |
WASHINGTON MUTUAL, INC. | WAMUO | 939322 | 20-Apr-04 | 1) ANNUAL DIRECTOR ELECTIONS | Issuer | Yes | For | For |
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| 2) RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR 2004 | Issuer | Yes | For | For |
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| 3) SHAREHOLDER PROPOSAL RELATING TO A SPECIFIC COMPENSATION PROGRAM | Shareholder | Yes | Against | For |
CITIGROUP INC. | CPRK | 172967 | 20-Apr-04 | 1) ANNUAL DIRECTOR ELECTIONS | Issuer | Yes | For | For |
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| 2) PROPOSAL TO RATIFY THE SELECTION OF KPMG LLP AS CITIGROUP S INDEPENDENT AUDITORS FOR 2004. | Issuer | Yes | For | For |
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| 3) STOCKHOLDER PROPOSAL REQUESTING A CURB ON EXECUTIVE COMPENSATION, NO FUTURE STOCK OPTION GRANTS AND NO RENEWALS OR EXTENSIONS OF OPTION PLANS. | Shareholder | Yes | Against | For |
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| 4) STOCKHOLDER PROPOSAL REQUESTING A REPORT ON POLITICAL CONTRIBUTIONS. | Shareholder | Yes | Against | For |
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| 5) STOCKHOLDER PROPOSAL REQUESTING A DISCONTINUATION OF ALL RIGHTS, OPTIONS, SAR S AND POSSIBLE SEVERANCE PAYMENTS TO THE TOP 5 OF MANAGEMENT. | Shareholder | Yes | Against | For |
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| 6) STOCKHOLDER PROPOSAL REQUESTING THAT THE CHAIRMAN OF THE BOARD HAVE NO MANAGEMENT DUTIES, TITLES OR RESPONSIBILITIES. | Shareholder | Yes | Against | For |
WELLS FARGO & COMPANY | WFC | 949746 | 27-Apr-04 | 1) ANNUAL DIRECTOR ELECTIONS | Issuer | Yes | For | For |
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| 2) PROPOSAL TO APPROVE THE COMPANY S SUPPLEMENTAL 401(K) PLAN. | Issuer | Yes | For | For |
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| 3) PROPOSAL TO RATIFY APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS FOR 2004. | Issuer | Yes | For | For |
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| 4) STOCKHOLDER PROPOSAL REGARDING EXPENSING STOCK OPTIONS. | Shareholder | Yes | Against | For |
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| 5) STOCKHOLDER PROPOSAL REGARDING RESTRICTED STOCK. | Shareholder | Yes | Against | For |
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| 6) STOCKHOLDER PROPOSAL REGARDING EXECUTIVE COMPENSATION AND PREDATORY LENDING. | Shareholder | Yes | Against | For |
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| 7) STOCKHOLDER PROPOSAL REGARDING POLITICAL CONTRIBUTIONS. | Shareholder | Yes | Against | For |
GANNETT CO., INC. | GCI | 364730 | 4-May-04 | 1) ANNUAL DIRECTOR ELECTIONS | Issuer | Yes | For | For |
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| 2) PROPOSAL TO RATIFY PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S AUDITORS. | Issuer | Yes | For | For |
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| 3) PROPOSAL TO AMEND 2001 OMNIBUS INCENTIVE COMPENSATION PLAN. | Issuer | Yes | For | For |
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| 4) SHAREHOLDER PROPOSAL CONCERNING EXECUTIVE COMPENSATION. | Shareholder | Yes | Against | For |
THE BANK OF NEW YORK COMPANY, INC. | BK | 64057 | 13-Apr-04 | 1) ANNUAL DIRECTOR ELECTIONS | Issuer | Yes | For | For |
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| 2) RATIFICATION OF AUDITORS | Issuer | Yes | For | For |
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| 3) APPROVAL OF AN AMENDMENT TO THE 2004 MANAGEMENT INCENTIVE COMPENSATION PLAN | Issuer | Yes | For | For |
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| 4) SHAREHOLDER PROPOSAL WITH RESPECT TO POLITICAL CONTRIBUTIONS | Shareholder | Yes | Against | For |
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| 5) SHAREHOLDER PROPOSAL WITH RESPECT TO EXECUTIVE COMPENSATION | Shareholder | Yes | Against | For |
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| 6) SHAREHOLDER PROPOSAL WITH RESPECT TO THE COMPOSITION OF THE RISK COMMITTEE | Shareholder | Yes | Against | For |
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| 7) SHAREHOLDER PROPOSAL WITH RESPECT TO THE COMPANY S RIGHTS PLAN | Shareholder | Yes | Against | For |
GENERAL ELECTRIC COMPANY | GE | 369604 | 28-Apr-04 | 0A) ANNUAL DIRECTOR ELECTIONS | Issuer | Yes | For | For |
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| 0B) INDEPENDENT AUDITOR | Issuer | Yes | For | For |
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| 0C) REVENUE MEASUREMENT ADDED TO EXECUTIVE OFFICER PERFORMANCE GOALS | Issuer | Yes | For | For |
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| 1) CUMULATIVE VOTING | Shareholder | Yes | Against | For |
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| 2) ANIMAL TESTING | Shareholder | Yes | Against | For |
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| 3) NUCLEAR RISK | Shareholder | Yes | Against | For |
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| 4) REPORT ON PCB CLEANUP COSTS | Shareholder | Yes | Against | For |
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| 5) OFFSHORE SOURCING | Shareholder | Yes | Against | For |
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| 6) SUSTAINABILITY INDEX | Shareholder | Yes | Against | For |
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| 7) COMPENSATION COMMITTEE INDEPENDENCE | Shareholder | Yes | Against | For |
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| 8) PAY DISPARITY | Shareholder | Yes | Against | For |
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| 9) END STOCK OPTIONS AND BONUSES | Shareholder | Yes | Against | For |
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| 10) LIMIT OUTSIDE DIRECTORSHIPS | Shareholder | Yes | Against | For |
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| 11) INDEPENDENT BOARD CHAIRMAN | Shareholder | Yes | Against | For |
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| 12) EXPLORE SALE OF COMPANY | Shareholder | Yes | Against | For |
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| 13) HOLDING STOCK FROM STOCK OPTIONS | Shareholder | Yes | Against | For |
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| 14) BOARD INDEPENDENCE | Shareholder | Yes | Against | For |
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| 15) POLITICAL CONTRIBUTIONS | Shareholder | Yes | Against | For |
HILB, ROGAL AND HAMILTON COMPANY | HRH | 431294 | 4-May-04 | 1) ANNUAL DIRECTOR ELECTIONS | Issuer | Yes | For | For |
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| 2) APPROVAL OF AN AMENDMENT TO ARTICLES OF INCORPORATION | Issuer | Yes | For | For |
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| 3) APPROVAL OF OUTSIDE DIRECTORS DEFERRAL PLAN | Issuer | Yes | For | For |
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| 4) APPROVAL OF EMPLOYEE STOCK PURCHASE PLAN | Issuer | Yes | For | For |
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| 5) APPROVAL OF PROPOSAL FOR ADJOURNMENT, IF NECESSARY | Issuer | Yes | For | For |
KINDER MORGAN, INC. | KMI | 49455P | 11-May-04 | 1) ANNUAL DIRECTOR ELECTIONS | Issuer | Yes | For | For |
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| 2) BOARD PROPOSAL TO RATIFY AND APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT AUDITORS FOR 2004. | Issuer | Yes | For | For |
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| 3) BOARD PROPOSAL TO AMEND AND RESTATE OUR KINDER MORGAN, INC. AMENDED AND RESTATED 1999 STOCK OPTION PLAN. | Issuer | Yes | For | For |
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| 4) STOCKHOLDER PROPOSAL RELATING TO THE PREPARATION OF A SUSTAINABILITY REPORT. | Shareholder | Yes | Against | For |
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| 5) STOCKHOLDER PROPOSAL RELATING TO EXPENSING STOCK OPTIONS. | Shareholder | Yes | Against | For |
COCA-COLA FEMSA, S.A. DE C.V. | KOF | 191241 | 9-Mar-04 | 3) ELECTION OF THE DIRECTORS, EXAMINERS, CHAIRMAN AND SECRETARY OF THE BOARD OF DIRECTORS, AND RESOLUTION WITH RESPECT TO THEIR REMUNERATION. | Issuer | Yes | Take No Action | For |
AMERICAN STANDARD COMPANIES, INC. | ASD | 29712 | 4-May-04 | 1) ANNUAL DIRECTOR ELECTIONS | Issuer | Yes | For | For |
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| 2) DIRECTORS PROPOSAL - APPROVAL OF AN AMENDMENT TO THE COMPANY S RESTATED CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK. | Issuer | Yes | For | For |
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| 3) DIRECTORS PROPOSAL - RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS FOR 2004. | Issuer | Yes | For | For |
LABORATORY CORP. OF AMERICA HOLDINGS | LH | 50540R | 12-May-04 | 1) ANNUAL DIRECTOR ELECTIONS | Issuer | Yes | For | For |
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| 2) APPROVAL OF THE AMENDMENTS TO THE 1997 EMPLOYEE STOCK PURCHASE PLAN (THE ESPP AMENDMENT ) | Issuer | Yes | For | For |
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| 3) RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSE COOPERS LLP AS LABORATORY CORPORATION OF AMERICA HOLDINGS INDEPENDENT ACCOUNTANTS FOR 2004. | Issuer | Yes | For | For |
RENT-A-CENTER, INC. | RCII | 76009N | 19-May-04 | 1) ANNUAL DIRECTOR ELECTIONS | Issuer | Yes | Yes | Yes |
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| 2) APPROVE THE AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF SHARES OF COMMON STOCK, PAR VALUE $.01 PER SHARE, AUTHORIZED TO BE ISSUED FROM 125,000,000 TO 250,000,000. | Issuer | Yes | Yes | Yes |
THE HOME DEPOT, INC. | HD | 437076 | 27-May-04 | 1) ANNUAL DIRECTOR ELECTIONS | Issuer | Yes | For | For |
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| 2) COMPANY PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR FISCAL 2004. | Issuer | Yes | For | For |
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| 3) STOCKHOLDER PROPOSAL REGARDING OUTSIDE DIRECTOR TERM LIMITS. | Shareholder | Yes | Against | For |
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| 4) STOCKHOLDER PROPOSAL REGARDING POISON PILL IMPLEMENTATION. | Shareholder | Yes | Against | For |
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| 5) STOCKHOLDER PROPOSAL REGARDING PERFORMANCE GOALS AS A PREREQUISITE TO VESTING. | Shareholder | Yes | Against | For |
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| 6) STOCKHOLDER PROPOSAL REGARDING IMPLEMENTATION OF ILO HUMAN RIGHTS STANDARDS. | Shareholder | Yes | Against | For |
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| 7) STOCKHOLDER PROPOSAL REGARDING FUTURE SEVERANCE AGREEMENTS. | Shareholder | Yes | Against | For |
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| 8) STOCKHOLDER PROPOSAL REGARDING METHOD OF VOTING FOR DIRECTORS. | Shareholder | Yes | Against | For |
AMERICAN INTERNATIONAL GROUP, INC. | AIG | 26874 | 19-May-04 | 1) ANNUAL DIRECTOR ELECTIONS | Issuer | Yes | For | For |
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| 2) ADOPT CHIEF EXECUTIVE OFFICER ANNUAL COMPENSATION PLAN | Issuer | Yes | For | For |
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| 3) ADOPT A DIRECTOR STOCK PLAN | Issuer | Yes | For | For |
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| 4) RATIFICATION OF INDEPENDENT ACCOUNTANTS | Issuer | Yes | For | For |
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| 5) SHAREHOLDER PROPOSAL I DESCRIBED IN THE PROXY STATEMENT | Shareholder | Yes | Against | For |
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| 6) SHAREHOLDER PROPOSAL II DESCRIBED IN THE PROXY STATEMENT | Shareholder | Yes | Against | For |
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| 7) SHAREHOLDER PROPOSAL III DESCRIBED IN THE PROXY STATEMENT | Shareholder | Yes | Against | For |